facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Loan

/

702 Circle Dr, Sidney, NY 1...

Updated Oct 29, 2024

InstaLend Corporation Provides $1.7M Refinance Loan For Multifamily Property In Sidney
FINANCEDMultiFamily

InstaLend Corporation Provides $1.7M Refinance Loan For Multifamily Property In Sidney

702 Circle Dr, Sidney, NY 13838

$1,737,800

$113/SF

Building Size

15,300 SF

Asset Type

MultiFamily

Closing

Apr 5, 2023

About this deal

AI

The property involved in this transaction is a multifamily asset located at 702 Circle Drive in Sidney. It has a total square footage of 15,300 and consists of 50 units. The transaction took place on 04/05/2023.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,737,800
  • Market: Sidney

The lender for this transaction was InstaLend Corporation. InstaLend is a nationwide lender for real estate loans, providing fast, affordable, and convenient capital to residential real estate developers. As a non-bank real estate lender, they offer short-term loans for acquisition and rehab of single-family and small multifamily properties, as well as long-term loans for stabilized rented properties. Their technology streamlines and automates manual workflow, payments, and reporting.

Contact information for Saurabh Shah, the representative from InstaLend Corporation, is as follows:

Players

InstaLend Corporation
InstaLend CorporationLender

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Deal FAQ

About $113 per square foot on a published $1.7M for 15,300 square feet (2023).

Browse New York multifamily loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.13%

Cash-on-Cash

-2.61%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets