Haven Savings Bank Provides $2.715M Refinance Loan For Brooklyn Multifamily At 35 Cambridge Place
FINANCED
$2,715,000
New York
See Similar DealsMultiFamily4,599 SF
Financed 09/29/2021
FINANCED
Haven Savings Bank Provides $2.715M Refinance Loan For Brooklyn Multifamily At 35 Cambridge Place
35 Cambridge Place, Brooklyn, NY 11238
See Similar DealsMultiFamily4,599 SF
Financed 09/29/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$590
Total Square Footage:4,599 SF
Transaction Type:Loan
The multifamily property located at 35 Cambridge Place in Brooklyn has been involved in a recent loan transaction. The property spans 4,599 square feet and consists of 5 units, making it a desirable multifamily asset in the market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,715,000
- Address: 35 Cambridge Place
- Market: Brooklyn
- Square Footage: 4,599
- Number of Units: 5
The loan for this property was provided by Haven Savings Bank. The refinance loan amount was $2,715,000, secured by the landlord, Charles Quimby. The deal was facilitated by Brad Domenico and Gabby Cali, brokers from Progress Capital, who represented the parties involved in the transaction.
Players
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,715,000.00
Monthly NOI$18,100.00
Monthly Debt Service$17,160.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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