Eli Arshadnia Secures $1.135M Loan From Michael Tsor For Multifamily Acquisition In Cedarhurst
FINANCED
$1,135,000
New York
See Similar DealsMultiFamily
Financed
FINANCED
Eli Arshadnia Secures $1.135M Loan From Michael Tsor For Multifamily Acquisition In Cedarhurst
42 Carman Avenue
See Similar DealsMultiFamily
Financed
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,135,000.00
Monthly NOI$7,566.67
Monthly Debt Service$7,173.97
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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