TD Bank Provides $3.3M Loan For Multifamily Properties In East Village And Carroll Gardens, BK
FINANCED
$3,300,000
New York
See Similar DealsMultiFamily
Financed 03/19/2020
FINANCED
TD Bank Provides $3.3M Loan For Multifamily Properties In East Village And Carroll Gardens, BK
46 Highland Place, Nesconset, NY 11767, USA
See Similar DealsMultiFamily
Financed 03/19/2020
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
The multifamily property at 51 E. 7th St in the East Village and 46 4th Pl in Carroll Gardens, BK was involved in a loan transaction. The loan was provided by TD Bank for an amount of $3,300,000. The loan terms include a fixed interest rate of 2.7% for a 10-year term. Gunnar Wilmot and Yaakov Zar from LevCapital served as brokers for this deal.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,300,000
- Address: 51 E. 7th St & 46 4th Pl
- Market: East Village & Carroll Gardens, BK
- Lender: TD Bank
- Loan Terms: 2.7%, 10 Year Fixed Term
- Broker: Gunnar Wilmot, Yaakov Zar @LevCapital
The loan transaction involving this multifamily property was facilitated by brokers Gunnar Wilmot and Yaakov Zar from LevCapital. They represented the parties involved in the deal and helped secure the loan from TD Bank.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,300,000.00
Monthly NOI$22,000.00
Monthly Debt Service$20,858.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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