JP Morgan Chase Provides $5.5 Million Refinance For Multifamily Asset In Larchmont
FINANCED
$5,500,000
New York
See Similar DealsMultiFamily28,846 SF
Financed 04/30/2025
FINANCED
JP Morgan Chase Provides $5.5 Million Refinance For Multifamily Asset In Larchmont
76 Wendt Avenue
See Similar DealsMultiFamily28,846 SF
Financed 04/30/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$190
Total Square Footage:28,846 SF
Transaction Type:Loan
The asset involved in this transaction is a multifamily property located at 76 Wendt Avenue in Larchmont. The property encompasses 28,846 square feet and comprises 27 units. The loan amount secured for this property is $5,500,000, with the loan structured as a refinance.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,500,000
- Address: 76 Wendt Avenue
- Market: Larchmont
- Asset Size: 28,846 SF
- Units: 27
- Lender: JP Morgan Chase
- Broker: Mindy Bergman - Meridian Capital Group
- Loan Type: Refinance
The representatives involved in this transaction include Mindy Bergman from Meridian Capital Group, who played a crucial role in facilitating the loan. A note from the broker reiterates the commitment to client success, highlighting the efficacy of Meridian in navigating complex challenges toward seamless closings.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,500,000.00
Monthly NOI$36,666.67
Monthly Debt Service$34,763.74
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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