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Amherst Capital Refinances Multifamily Property On Bushwick Avenue For $36M

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FINANCED
$36,000,000
Michael Ianno
Michael Diaz
+ 1

New York

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MultiFamily
Financed 12/06/2021
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Property Image
FINANCED

Amherst Capital Refinances Multifamily Property On Bushwick Avenue For $36M

600 Bushwick Avenue, Brooklyn, New York 11221, United States

See Similar Deals
MultiFamily
Financed 12/06/2021
Michael Ianno
Michael Diaz
+ 1
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

A multifamily property located at 600 Bushwick Avenue in the Bushwick market has recently undergone a refinancing transaction. The property consists of 64 residential units.

Summary of transaction details:

The refinancing deal was facilitated by Amherst Capital and involved the coordination of various individuals and companies. Jacob Sacks, representing Cayuga Capital Management, acted as the landlord in the transaction. Aaron Appel, Michael Diaz, Michael Ianno, and Jackson Irwin, from the brokerage firm Walker & Dunlop, served as the brokers in the deal.

Players

Aaron Appel
190 deals$31.9B volume
BROKER

Michael Diaz
Walker & Dunlop
37 deals$4.1B volume
BROKER

Michael Ianno
Walker & Dunlop
51 deals$6B volume
BROKER

Jackson Irwin
Walker & Dunlop
9 deals$795.9M volume(858) 442-8456
BROKER

Amherst Capital Management
LENDER

Details

FINANCED
IMAGE: Aaron Appel, Michael Diaz, Jacob Sacks & Michael Ianno DATE: 12/06/2021 ADDRESS: 600 Bushwick Avenue MARKET: Bushwick ASSET TYPE: Multifamily ~ UNITS: 64 LENDER: Amherst Capital LANDLORD: Cayuga Capital Management - Jacob Sacks BROKERS: Aaron Appel, Michael Diaz, Michael Ianno & Jackson Irwin - Walker & Dunlop LOAN AMOUNT: $36,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$36,000,000.00

Monthly NOI$240,000.00
Monthly Debt Service$227,544.49
Change in Cash Flow$0.00
Refinance Proceeds$0.00