Anthony Morena Of MortarArch Secures $7.75M Refinance Loan For Multifamily Asset In Brooklyn
FINANCED
$7,750,000
New York
See Similar DealsMultiFamily25,000 SF
Financed 07/01/2025
FINANCED
Anthony Morena Of MortarArch Secures $7.75M Refinance Loan For Multifamily Asset In Brooklyn
30 Bushwick Avenue
See Similar DealsMultiFamily25,000 SF
Financed 07/01/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$310
Total Square Footage:25,000 SF
Transaction Type:Loan
The property asset involved in this transaction is a multifamily building located at 30 Bushwick Avenue in Brooklyn. The asset consists of 25,000 square feet and contains 21 units. The transaction was a refinance, with a loan amount of $7,750,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,750,000
- Address: 30 Bushwick Avenue
- Market: Brooklyn
- Square Footage: 25,000
- Units: 21
- Lender: Jake Soodek - Hirshmark Capital
- Landlord: Anthony Morena - MortarArch
- Loan Type: Refinance
This transaction involves notable individuals in the real estate sector. Jake Soodek represented Hirshmark Capital as the lender for this refinance deal. Anthony Morena is the landlord involved, representing MortarArch in the transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,750,000.00
Monthly NOI$51,666.67
Monthly Debt Service$48,985.27
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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