Fahad Rajput Of Blacklist Capital Secures $5.8M Refinance Loan For Multifamily Property In Brooklyn
3509-3511 Farragut Road
$5,800,000
$483/SF
Building Size
12,000 SF
Asset Type
MultiFamily
Closing
Nov 14, 2024
AI
The property asset involved in this transaction is a multifamily building located at 3509-3511 Farragut Road in Brooklyn. It encompasses a total square footage of 12,000 and contains 18 units. The loan amount secured for this property is $5,800,000, classified as a refinance.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,800,000
- Address: 3509-3511 Farragut Road
- Market: Brooklyn
- Asset Size: 12,000 SF
- Number of Units: 18
- Lender: Issac Krispin - Atlas Invest
- Landlord: Fahad Rajput - Blacklist Capital
The key individuals involved in this deal include Fahad Rajput, who represents Blacklist Capital, an investment firm focused on sustainable investments and exceptional returns. The transaction was facilitated by Issac Krispin, who is associated with Atlas Invest as the lender for the loan. Blacklist Capital is open to accredited investors.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93