Daily limit: 0/10
DIG And Torchlight Investors Secure $53.2M Loan For Brooklyn Multifamily Project At 57 Caton Place
FINANCED
$53,200,000
New York
See Similar DealsMultiFamily
Financed 04/28/2026
FINANCED
DIG And Torchlight Investors Secure $53.2M Loan For Brooklyn Multifamily Project At 57 Caton Place
57 Caton Place
See Similar DealsMultiFamily
Financed 04/28/2026
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
The asset involved in this transaction is a multifamily property located at 57 Caton Place in Brooklyn, comprising 131 units. The total loan amount secured for the project is $53,200,000 after acquiring distressed debt worth $78,000,000 tied to the development.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $53,200,000
- Lender: Brian Steiner - Maxim Capital Group
- Landlord: DIG & Dan Heflin - Torchlight Investors
- Market: Brooklyn
Brian Steiner from Maxim Capital Group acted as the lender providing financing for this multifamily project, while DIG and Dan Heflin of Torchlight Investors represent the landlord in this deal. Their involvement is part of securing senior financing for the renovation and management of the multifamily asset.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$53,200,000.00
Monthly NOI$354,666.67
Monthly Debt Service$336,260.19
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions