FourLeaf Federal Credit Union Provides $1.78M Refinance Loan For Ridgewood Multifamily Property
FINANCED
$1,780,000
New York
See Similar DealsMultiFamily
Financed 08/15/2025
FINANCED
FourLeaf Federal Credit Union Provides $1.78M Refinance Loan For Ridgewood Multifamily Property
901 Seneca Avenue
See Similar DealsMultiFamily
Financed 08/15/2025
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,780,000.00
Monthly NOI$11,866.67
Monthly Debt Service$11,250.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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