Pinchus Schwartz & Snco Capital Secure $5.9M Cash Out Refinance Loan For Brooklyn Multifamily
FINANCED
$5,902,000
New York
See Similar DealsMultiFamily1,725 SF
Financed 12/02/2020
FINANCED
Pinchus Schwartz & Snco Capital Secure $5.9M Cash Out Refinance Loan For Brooklyn Multifamily
321 Chauncey Street, Brooklyn, NY, USA
See Similar DealsMultiFamily1,725 SF
Financed 12/02/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$3,421
Total Square Footage:1,725 SF
Transaction Type:Loan
A cash-out refinance loan of $5,902,000 was secured for a multifamily property in Brooklyn. The property is located at 321 Chauncey, 603 Wyona, 635 Vermont, and 643 Vermont. This transaction took place on December 2, 2020.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,902,000
- Lender: Arbor Realty Trust
- Broker: Pinchus Schwartz - Snco Capital
The loan was facilitated by Arbor Realty Trust. Pinchus Schwartz from Snco Capital represented the borrower in this deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,902,000.00
Monthly NOI$39,346.67
Monthly Debt Service$37,304.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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