Updated Mar 11, 2025
M&T Bank Provides $2.1M Refinance Loan For Middle Island Multifamily
440 Middle Country Rd Middle Island, NY 11953, USA
$2,100,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 19, 2023
About this deal
AI
The property involved in this closed transaction is a multifamily asset located at 440 Middle Country Road in Middle Island. The transaction was a refinance loan provided by M&T Bank.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,100,000
- Loan Type: Refinance
- Loan Terms: 5-year term Stepdown Prepayment
The loan was facilitated by brokers Matt Buggenhagen, Jason Labriola, and Anthony Colicino from Meridian Capital Group. They represented the involved parties in the transaction.
The multifamily loan at 440 Middle Country Rd Middle Island, NY 11953, USA in Middle Island, New York financed for $2.1M in 2023. 440 Middle Country Rd Middle Island, NY 11953, USA is classified as Multifamily on Traded. Anthony Colicino, Jason Labriola, Matt Buggenhagen, Meridian Capital Group appear on the loan alongside Meridian Capital Group. This page is the Middle Island, New York file for the 440 Middle Country Rd Middle Island, NY 11953, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Middle Island sit in the Market section below. Filter that Middle Island multifamily set by closing date to see what else financed near 440 Middle Country Rd Middle Island, NY 11953, USA around 2023. Published consideration for 440 Middle Country Rd Middle Island, NY 11953, USA is $2.1M, dated 2023. Cite this M&T Bank Provides $2.1M Refinance Loan For Middle Island Multifamily loan when underwriting similar multifamily product around Middle Island, New York.
Players
Middle Island 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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93