Equitas Capital Group Provides $4.75M Construction Loan For Multifamily Property In NYC

The property involved in this closed transaction is a 14-unit multifamily building located at 31-18 30th Street in New York City. The property spans approximately 15,000 square feet.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $4,750,000
• Loan Type: Construction
• Loan Terms: Rate: Prime Based, LTC: 60%, LTV: 50%, Term: 21 months, Amortization: Interest Only

The transaction was facilitated by Equitas Capital Group, with brokers Alex Leykind and Michael Fey representing the parties involved. Equitas Capital Group specializes in finding tailor-made solutions for commercial real estate financing needs and prioritizes building strong relationships with its clients.

To inquire about your next commercial property financing, you can contact Equitas Capital Group at 646-637-7510 or via email at [email protected].