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42 Carman Avenue

Eli Arshadnia Secures $1.135M Loan From Michael Tsor For Multifamily Acquisition In Cedarhurst
FINANCEDMultiFamily

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

Broadview Funding
Broadview FundingLender

Eli Arshadnia

Landlord

$2.6M

vol

2 deals

Landlord

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