Moishe Loketch & Pinny Loketch Of Loketch Group Secure $18.65M Refinance Loan For Multifamily Asset
801 Wyckoff Avenue
$18,650,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 10, 2026
AI
The asset involved in this transaction is a MultiFamily property located at 801 Wyckoff Avenue in the Ridgewood market. The refinance loan amount for this property is $18,650,000.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $18,650,000
- Lender: Derby Copeland Capital
- Landlord: Moishe Loketch & Pinny Loketch - Loketch Group
- Brokers: Morris Betesh, Jack McPhail & Joseph Kean - Arrow Real Estate Advisors
- Loan Type: Refinance
Key individuals involved in this transaction include Moishe Loketch and Pinny Loketch, who represent Loketch Group as the landlords. The brokerage team consists of Morris Betesh, Jack McPhail, and Joseph Kean from Arrow Real Estate Advisors, facilitating the refinance process.
Players
Ridgewood MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.85%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93