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Washington Equity And Funding Corp. Provides $1M Private Hard Money Loan For Multifamily Property In Brooklyn

Property Image
FINANCED
$1,000,000

New York

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MultiFamily1,900 SF
Financed 04/29/2021
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Property Image
FINANCED

Washington Equity And Funding Corp. Provides $1M Private Hard Money Loan For Multifamily Property In Brooklyn

681 Saint Marks Avenue, Brooklyn, NY 11216, USA

See Similar Deals
MultiFamily1,900 SF
Financed 04/29/2021
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$526
Total Square Footage:1,900 SF
Transaction Type:Loan

The property at 681 St. Marks Avenue in Brooklyn has undergone a loan transaction. The asset is a multifamily property, and the transaction took place on 04/29/2021. The loan was provided by Washington Equity and Funding Corp., with Alex Piroozian acting as the lender's representative. The loan amount was $1,000,000, and the terms of the loan were a private hard money loan.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,000,000
  • Address: 681 St. Marks Avenue
  • Market: Brooklyn
  • Lender: Washington Equity and Funding Corp.
  • Lender's Representative: Alex Piroozian
  • Date: 04/29/2021

This loan transaction showcases the involvement of Washington Equity and Funding Corp., with Alex Piroozian representing the lender. It highlights the financial support provided through a private hard money loan for the multifamily property located at 681 St. Marks Avenue in Brooklyn. The transaction took place on 04/29/2021, demonstrating the continued interest in investment opportunities in the Brooklyn market.

Players

Alex Piroozian
Washington Equity & Funding Corp.
Alex Piroozian
8 deals$10.6M volume
LENDER
Washington Equity & Funding Corp.
Washington Equity & Funding Corp.
LENDER

Details

FINANCED
IMAGE: Alex Piroozian DATE: 04/29/2021 ADDRESS: 681 St. Marks Avenue MARKET: Brooklyn ASSET TYPE: Multifamily LENDER: Washington Equity and Funding Corp. (@WEFundingCorp) - Alex Piroozian (@APirooz11294) LOAN AMOUNT: $1,000,000 LOAN TERMS: Private Hard Money Loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,000,000.00

Monthly NOI$6,666.67
Monthly Debt Service$6,320.68
Change in Cash Flow$0.00
Refinance Proceeds$0.00