Lev Brokers Refinances Multifamily Properties In Buffalo With $742.5K Loan
45 Center Street
$742,500
Building Size
—
Asset Type
MultiFamily
Closing
Nov 15, 2022
AI
The multifamily properties located at 45 Center St, 237 Laird Ave, 155 Center St, and 1924 Niagara St in Buffalo have undergone a refinancing transaction. The loan amount for this transaction was $742,500. The loan type is a refinance, and the loan terms include a 10-year term with 10 years of interest-only payments.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $742,500
- Loan Type: Refinance
- Loan Terms: 10-year term 10 years IO
The transaction was facilitated by the brokerage firm Lev, with brokers Yaakov Zar, Ethan Freilich, Maxwell Hulsh, and Rachel Kahen representing the parties involved.
Players
Buffalo 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
21.36%
Cash-on-Cash
-6.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93