Mission Real Estate Funding Provides $529.5K Loan For Multifamily Property In Averne
FINANCED
$529,500
New York
See Similar DealsMultiFamily3,920 SF
Financed 02/18/2021
FINANCED
Mission Real Estate Funding Provides $529.5K Loan For Multifamily Property In Averne
544 Beach 67th Street, Arverne, NY, USA
See Similar DealsMultiFamily3,920 SF
Financed 02/18/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$135
Total Square Footage:3,920 SF
Transaction Type:Loan
A multifamily property located at 544 Beach 67th Street in Averne has recently been involved in a loan transaction. The loan was provided by Mission Real Estate Funding, with Dennis Mihalatos serving as the lender's representative. The loan amount was $529,500, with a term of LTC 90% and a 12-month term.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $529,500
Israel Dana is the landlord of the property, and Marinos Mihalatos acted as the broker in this deal.
NOTE: No additional information is available regarding this transaction.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$529,500.00
Monthly NOI$3,530.00
Monthly Debt Service$3,346.80
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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