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Abraham Biller Refinances Multifamily Asset At 3029 Godwin Terrace With Bank United For $10M
FINANCED
$10,000,000
New York
See Similar DealsMultiFamily
Financed 09/22/2025
FINANCED
Abraham Biller Refinances Multifamily Asset At 3029 Godwin Terrace With Bank United For $10M
3029 Godwin Terrace
See Similar DealsMultiFamily
Financed 09/22/2025
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
A multifamily residential property located at 3029 Godwin Terrace in the Kingsbridge area of the Bronx has undergone a refinancing process. This newly built building consists of 30 units and has been financed with a loan amount of $10 million. The financing was secured from Bank United, a financial institution involved in real estate loans.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,000,000
- Address: 3029 Godwin Terrace
- Market: Kingsbridge, Bronx
- Lender: Bank United
- Landlord: Abraham Biller
- Loan Type: Refinance
This refinancing deal was carried out by Abraham Biller, who is the landlord of the property. The transaction highlights the involvement of Bank United in facilitating financial support for real estate developments in the Bronx.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$10,000,000.00
Monthly NOI$66,666.67
Monthly Debt Service$63,206.80
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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