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538-540 East 142nd Street, ...

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

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

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

$4,776,000

Building Size

Asset Type

MultiFamily

Closing

Jan 26, 2021

AI

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

Broker

$33.1M

vol

9 deals

Broker
Lument
LumentLender

New York 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

3.32%

Cash-on-Cash

-0.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93