Michael Yakubov's Stake Property Group Secures $858,551 Loan For Multifamily In Brooklyn
FINANCED
$858,551
New York
See Similar DealsMultiFamily3,000 SF
Financed 11/16/2020
FINANCED
Michael Yakubov's Stake Property Group Secures $858,551 Loan For Multifamily In Brooklyn
421 Saratoga Ave, Brooklyn, NY 11233, Estados Unidos
See Similar DealsMultiFamily3,000 SF
Financed 11/16/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$286
Total Square Footage:3,000 SF
Transaction Type:Loan
The multifamily property located at 421 Saratoga Ave in Brooklyn was involved in a loan transaction. The loan amount was $858,551.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $858,551
- Landlord: Michael Yakubov – Stake Property Group
- Lender: LendIQ
Stake Property Group, founded by Michael Yakubov, represented the landlord in this deal. LendIQ provided the loan for the transaction. Stake Property Group focuses on purchasing non-performing notes in NY, Florida, Texas & Nevada and specializes in underperforming assets and opportunistic investments in the multifamily investment space. For any investment opportunities, interested parties can contact Michael Yakubov at [email protected].
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$858,551.00
Monthly NOI$5,723.67
Monthly Debt Service$5,426.63
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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