Haussmann Development Secures $49.5 Million Refinance Loan From QuadReal Property Group For Multifamily Asset
445 Grand Avenue
$49,500,000
$485/SF
Building Size
102,000 SF
Asset Type
MultiFamily
Closing
Mar 14, 2025
AI
The asset involved in this transaction is a MultiFamily property located at 445 Grand Avenue in Brooklyn. The refinance loan amount for this property is $49,500,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $49,500,000.00
- Lender: QuadReal Property Group
- Landlord: Haussmann Development
- Loan Type: refinance
- Loan Date: 03/14/2025
This transaction involved Haussmann Development acting as the landlord and QuadReal Property Group as the lender, facilitating the refinance of the property. For all deal-related inquiries, contact [email protected].
Players
Brooklyn 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93