FourLeaf Federal Credit Union Provides $1.78M Refinance Loan For Ridgewood Multifamily Property
901 Seneca Avenue
$1,780,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 14, 2025
AI
The property involved in this transaction is a multifamily asset located at 901 Seneca Avenue in Ridgewood. The lender associated with this transaction is FourLeaf Federal Credit Union, providing a refinance loan amount of $1,780,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,780,000
- Lender: FourLeaf Federal Credit Union
- Landlord's Representative: Jacob Schmuckler & Meir Schlusselberg - Arrow Real Estate Advisors
- Transaction Date: 8/15/2025
The transaction showcases the expertise of the landlord's representatives, Jacob Schmuckler and Meir Schlusselberg, affiliated with Arrow Real Estate Advisors, who played a crucial role in facilitating the deal. Their involvement highlights the collaborative efforts of real estate professionals in securing financing for real estate assets.
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
8.91%
Cash-on-Cash
-2.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93