Starwood Mortgage Capital Provides $32.5M Refinance Loan For Crown Heights Multifamily Property With Landlord Anshel Fridman
FINANCED
$32,500,000
New York
See Similar DealsMultiFamily87,205 SF
Financed 08/27/2021
FINANCED
Starwood Mortgage Capital Provides $32.5M Refinance Loan For Crown Heights Multifamily Property With Landlord Anshel Fridman
8 Ford Street, Crown Heights, Brooklyn, NY, USA
See Similar DealsMultiFamily87,205 SF
Financed 08/27/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$372
Total Square Footage:87,205 SF
Transaction Type:Loan
The multifamily property located at 8 & 24 Ford Street in Crown Heights has undergone a refinancing transaction. The property spans over 87,205 square feet and consists of 106 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $32,500,000
- Address: 8 & 24 Ford Street
- Market: Crown Heights
- Square footage: 87,205
- Number of units: 106
The loan for this transaction was provided by Starwood Mortgage Capital. Anshel Fridman serves as the landlord for this property. The refinancing loan amount was $32,500,000.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$32,500,000.00
Monthly NOI$216,666.67
Monthly Debt Service$205,422.11
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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