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Lument Provides $4.8M Refinance Loan For Multifamily Property In The Bronx

Property Image
FINANCED
$4,776,000

New York

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MultiFamily
Financed 01/27/2021
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Property Image
FINANCED

Lument Provides $4.8M Refinance Loan For Multifamily Property In The Bronx

538-540 East 142nd Street, Bronx, NY, USA

See Similar Deals
MultiFamily
Financed 01/27/2021
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

538-540 East 142nd Street, located in the Bronx, has recently undergone a multifamily refinance transaction. The loan, facilitated by lument''>Lument, amounted to $4,776,000. The property is a multifamily asset situated in the Bronx market.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,776,000
  • Loan Type: Refinance
  • Lender: Lument
  • Broker: Pinchus Schwartz - Castling Capital

Pinchus Schwartz from Castling Capital played a key role in representing the parties involved in this multifamily refinance deal.

For all Multifamily Financing Requests, please contact: [email protected]

Players

Pinchus Schwartz
Castling Capital Group
Pinchus Schwartz
9 deals$33.1M volume(347) 842-7085
BROKER
Lument
Lument
LENDER

Details

FINANCED
IMAGE: 01/27/2021 ADDRESS: 538-540 East 142nd Street MARKET: Bronx ASSET TYPE: Multifamily LENDER: Lument BROKER: Pinchus Schwartz @Castling_Capital AMOUNT: $4,776,000 ~ TYPE: Refinance NOTE: For all Multifamily Financing Requests, please contact: 📧 [email protected]

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$4,776,000.00

Monthly NOI$31,840.00
Monthly Debt Service$30,187.57
Change in Cash Flow$0.00
Refinance Proceeds$0.00