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Shimshon Grunstein Secures $5.8M Refinance Loan From IceCap Group For Bronx Multifamily Property
FINANCED
$5,800,000
New York
See Similar DealsMultiFamily12,128 SF
Financed 11/07/2024
FINANCED
Shimshon Grunstein Secures $5.8M Refinance Loan From IceCap Group For Bronx Multifamily Property
3602 Holland Avenue
See Similar DealsMultiFamily12,128 SF
Financed 11/07/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$478
Total Square Footage:12,128 SF
Transaction Type:Loan
A multifamily property located at 3602 Holland Avenue in the Williamsbridge neighborhood of the Bronx comprises 20 units and spans 12,128 square feet. The refinancing loan for the property amounted to $5,800,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,800,000
- Address: 3602 Holland Avenue
- Market: Williamsbridge, Bronx
- Units: 20
- Square Footage: 12,128
- Lender: Joseph Oved - IceCap Group
- Landlord: Shimshon Grunstein
- Loan Type: Refinance
Shimshon Grunstein, representing SHG 3602 LLC, facilitated the refinancing of the property through a loan secured from IceCap Group, with Joseph Oved serving as the lender for this transaction.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,800,000.00
Monthly NOI$38,666.67
Monthly Debt Service$36,659.95
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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