facebook
Traded Co logo
Submit

LendVent Realty Capital Provides $2.7M Bridge Loan For 4-Unit Multifamily Property In New York City

Property Image
FINANCED
$2,749,800

New York

See Similar Deals
MultiFamily3,600 SF
Financed 04/20/2023
the dealplayerscompscontact
Property Image
FINANCED

LendVent Realty Capital Provides $2.7M Bridge Loan For 4-Unit Multifamily Property In New York City

359 Greene Avenue

See Similar Deals
MultiFamily3,600 SF
Financed 04/20/2023
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$763
Total Square Footage:3,600 SF
Transaction Type:Loan

The property asset involved in this transaction is a multifamily unit located at 359 Greene Avenue in New York City. The asset spans 3,600 square feet and consists of 4 units, indicating its diverse residential offering.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,749,800
  • Asset Address: 359 Greene Avenue
  • Market: New York City
  • Lender: LendVent Realty Capital
  • Landlord: Telha Khatak
  • Broker: John Femenia - Source Realty Capital
  • Loan Type: Bridge
  • Loan Terms: Fix and Flip bridge loan. $1,153,800 Construction Holdback. 85% LTC

Key individuals involved in the transaction include the lender LendVent Realty Capital and the landlord Telha Khatak. John Femenia from Source Realty Capital represents the broker in this deal, facilitating the transaction process for all parties involved.

Players

John Femenia
John Femenia
1 deal$2.7M volume
BROKER
LendVent Realty Capital
LendVent Realty Capital
LENDER

Details

FINANCED
IMAGE: John Femenia DATE: 04/20/2023 ADDRESS: 359 Greene Avenue MARKET: New York City ASSET TYPE: Multifamily ~ SF: 3,600 ~ UNITS: 4 LENDER: LendVent Realty Capital (@LendVent_Realty_Capital) LANDLORD: Telha Khatak BROKER: John Femenia - Source Realty Capital LOAN AMOUNT: $2,749,800 LOAN TYPE: Bridge LOAN TERMS: Fix and Flip bridge loan. $1,153,800 Construction Holdback. 85% LTC

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,749,800.00

Monthly NOI$18,332.00
Monthly Debt Service$17,380.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00