Signature Bank Provides $9M Loan For Multifamily Property Acquisition In Williamsburg
FINANCED
$9,000,000
New York
See Similar DealsMultiFamily251,780 SF
Financed 06/04/2020
FINANCED
Signature Bank Provides $9M Loan For Multifamily Property Acquisition In Williamsburg
326 Bedford Ave, Brooklyn, NY 11249, USA
See Similar DealsMultiFamily251,780 SF
Financed 06/04/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$35
Total Square Footage:251,780 SF
Transaction Type:Loan
The multifamily property located at 326 Bedford Ave in Williamsburg has been involved in a loan transaction. The lender for this transaction is Signature Bank.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,000,000
- Address: 326 Bedford Ave
- Market: Williamsburg
- Units: 32
- Square Footage: 25,178
The landlord associated with this property is City Urban Realty, represented by Michael Alvandi. The loan amount for this transaction is $9,000,000.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$9,000,000.00
Monthly NOI$60,000.00
Monthly Debt Service$56,886.12
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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