First Central Savings Bank Provides $2 Million Revolving Line Of Credit For Middle Island Multifamily Property
FINANCED
$2,000,000
New York
See Similar DealsMultiFamily
Financed 10/28/2022
FINANCED
First Central Savings Bank Provides $2 Million Revolving Line Of Credit For Middle Island Multifamily Property
440 Middle Country Road, Middle Island, New York 11953, United States
See Similar DealsMultiFamily
Financed 10/28/2022
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
The multifamily property located at 440 Middle Country Road in Middle Island has been involved in a recent transaction. The transaction took place on 10/28/2022 and the asset type is a multifamily property. The property was secured with a loan from First Central Savings Bank in the amount of $2,000,000. The loan type is a revolving line of credit.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Address: 440 Middle Country Road
- Market: Middle Island
The brokers involved in this transaction were Matt Buggenhagen and Jason Labriola from Meridian Retail Leasing. They represented the buyer and seller in the deal. They played a crucial role in facilitating the transaction between the parties involved.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,000,000.00
Monthly NOI$13,333.33
Monthly Debt Service$12,641.36
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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