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
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