Asher Bittman Secures $3.6M Bridge Loan For 826 Crown Street Multifamily
FINANCED
$3,600,000
New York
See Similar DealsMultiFamily52,764 SF
Financed 03/11/2024
FINANCED
Asher Bittman Secures $3.6M Bridge Loan For 826 Crown Street Multifamily
826 Crown Street
See Similar DealsMultiFamily52,764 SF
Financed 03/11/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$68
Total Square Footage:52,764 SF
Transaction Type:Loan
The multifamily property located at 826 Crown Street in Weeksville, Brooklyn spans 52,764 square feet and comprises 47 units. The recent transaction involved a bridge loan amounting to $3,600,000 provided by Sheridan Capital.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,600,000
- Market: Weeksville, Brooklyn
- Lender: Sheridan Capital
- Lender's Representative: Asher Bittman - Sheridan Capital
Asher Bittman from Sheridan Capital served as the lender's representative in the bridge loan deal for the multifamily property at 826 Crown Street.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,600,000.00
Monthly NOI$24,000.00
Monthly Debt Service$22,754.45
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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