Merchants Bank Of Indiana Provides $38.5M Construction Loan For Norwood Multifamily Property
FINANCED
$38,502,339
New York
See Similar DealsMultiFamily3,880 SF
Financed 07/01/2022
FINANCED
Merchants Bank Of Indiana Provides $38.5M Construction Loan For Norwood Multifamily Property
3095 Webster Avenue, The Bronx, New York 10467, United States
See Similar DealsMultiFamily3,880 SF
Financed 07/01/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$9,923
Total Square Footage:3,880 SF
Transaction Type:Loan
The property involved in this closed transaction is a multifamily building located at 3095 Webster Avenue in Norwood. The property has a total square footage of 3,880 and consists of 116 units. The transaction took place on the date of July 1, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $38,502,339
- Address: 3095 Webster Avenue
- Market: Norwood
- Square Footage: 3,880
- Number of Units: 116
The loan for this transaction was provided by Merchants Bank of Indiana. The landlord associated with the property is Maria Matias, representing Geel Community Services. The loan amount for the transaction was $38,502,339 and it was classified as a construction loan.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$38,502,339.00
Monthly NOI$256,682.26
Monthly Debt Service$243,360.97
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions