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Bayport Funding Grants $3.06M Loan For Multifamily Property Acquisition On 5th Street, Brooklyn
FINANCED
$3,060,000
New York
See Similar DealsMultiFamily2,980 SF
Financed 07/28/2023
FINANCED
Bayport Funding Grants $3.06M Loan For Multifamily Property Acquisition On 5th Street, Brooklyn
445 5th St Brooklyn, Ny 11215, Usa
See Similar DealsMultiFamily2,980 SF
Financed 07/28/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,026
Total Square Footage:2,980 SF
Transaction Type:Loan
The property at 445 5th Street is a multifamily asset situated in Brooklyn, with a total square footage of 2,980. The loan secured for its acquisition amounts to $3,060,000, facilitated by Bayport Funding, a lender specializing in providing portfolio loans to real estate investors.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,060,000
- Address: 445 5th Street
- Market: Brooklyn
- Lender: Bayport Funding
- Loan Type: Acquisition
- Loan Amount: $3,060,000
- Representative: Marcia Kaufman
Marcia Kaufman from Bayport Funding represents the lender in this transaction, highlighting her role in facilitating the acquisition and construction loan for the property at 445 5th Street.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,060,000.00
Monthly NOI$20,400.00
Monthly Debt Service$19,341.28
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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