Eli Arshadnia Secures $1.135M Loan From Michael Tsor For Multifamily Acquisition In Cedarhurst
42 Carman Avenue
$1,135,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 2, 2026
AI
The property involved in this transaction is a multifamily asset located at 42 Carman Avenue in Cedarhurst. The loan amount for the acquisition is $1,135,000 with a loan term of 12 months.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,135,000
- Lender: Michael Tsor - Broadview Funding
- Landlord: Eli Arshadnia
- Loan Type: Acquisition
- Loan Terms: 12 months
Michael Tsor from Broadview Funding is noted for his specialization in construction, bridge, and 30-year DSCR loans in the Tri-State area and Florida. Eli Arshadnia is actively looking to acquire more properties in any condition.
Players
Cedarhurst 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
13.98%
Cash-on-Cash
-3.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93