Nihad Choudhury Of LMF Commercial Provides $4.465M Refinance Loan For Bronx Multifamily Asset
FINANCED
$4,465,000
New York
See Similar DealsMultiFamily6,750 SF
Financed 12/03/2024
FINANCED
Nihad Choudhury Of LMF Commercial Provides $4.465M Refinance Loan For Bronx Multifamily Asset
MultiFamily6,750 SF
Financed 12/03/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$661
Total Square Footage:6,750 SF
Transaction Type:Loan
The property asset involved in the transaction is a multifamily unit located in the Bronx. It comprises 6,750 square feet and contains 15 units, facilitating residential accommodation. The deal was secured through a refinance loan, amounting to $4,465,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,465,000
- Lender: Nihad Choudhury - LMF Commercial
- Broker: Ernest Lefkowitz - Landstone Capital Group
- Loan Type: Refinance
- Loan Terms: CMBS: 5 year term, 30 year amort.
- Date: 12/03/2024
- Market: Bronx
Nihad Choudhury represented LMF Commercial as the lender in this transaction. Ernest Lefkowitz from Landstone Capital Group acted as the broker, facilitating the loan process and ensuring the efficient handling of the transaction for the parties involved.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,465,000.00
Monthly NOI$29,766.67
Monthly Debt Service$28,221.84
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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