Aaron Naiman Secures $21.7 Million Refinance Loan For East Side Multifamily Portfolio
FINANCED
$14,400,000
New York
See Similar DealsMultiFamily26,300 SF
Financed
FINANCED
Aaron Naiman Secures $21.7 Million Refinance Loan For East Side Multifamily Portfolio
MultiFamily26,300 SF
Financed
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$547
Total Square Footage:26300 SF
Transaction Type:Loan
The East Side Portfolio is a multifamily asset located in the Upper East Side, consisting of 34,000 square feet and 27 units. The property's landlord is Aaron Naiman. A loan amount of $21,700,000 was secured under a refinance loan type, featuring terms of 5 years, a 6.11% interest rate, partial interest-only payments, and a flexible prepayment penalty.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $21,700,000
- Address: East Side Portfolio
- Market: Upper East Side
- Asset Size: 34,000 SF
- Units: 27
- Landlord: Aaron Naiman
- Brokers: Michael Helmreich & Jake Gluck - Fortune Capital Group
- Loan Type: Refinance
- Loan Terms: 5 Years, 6.11% Rate, Partial IO, Flex PPP
Michael Helmreich and Jake Gluck, representing the borrower, are affiliated with Fortune Capital Group. For financing inquiries, Michael Helmreich can be reached at 973-986-5954 or via email at [email protected].
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$14,400,000.00
Monthly NOI$96,000.00
Monthly Debt Service$91,017.80
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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