TD Bank Provides $3.3M Loan For Multifamily Properties In East Village And Carroll Gardens, BK
46 Highland Place, Nesconset, NY 11767, USA
$3,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 18, 2020
AI
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.
Players
Nesconset 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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93