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Leon Mann Secures $22M Refinance Loan For MultiFamily Building In Bedford Stuyvesant
FINANCED
$22,000,000
New York
See Similar DealsMultiFamily
Financed 01/23/2024
FINANCED
Leon Mann Secures $22M Refinance Loan For MultiFamily Building In Bedford Stuyvesant
912 Broadway
See Similar DealsMultiFamily
Financed 01/23/2024
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
The property involved in the transaction is a 71-unit residential elevator building located at 912 Broadway in Bedford Stuyvesant, Brooklyn. The loan amount for the refinance was $22,000,000, secured by Leon Mann on behalf of Broadway Stockton LLC from TD Bank.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $22,000,000
- Address: 912 Broadway
- Market: Bedford Stuyvesant, Brooklyn
- Lender: Craig Ratigan - TD Bank
- Landlord: Leon Mann
- Loan Type: Refinance
Craig Ratigan from TD Bank served as the lender in this refinance deal, while Leon Mann, representing Broadway Stockton LLC, acted as the landlord. The loan was obtained for the multi-family property at 912 Broadway in Bedford Stuyvesant, Brooklyn.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$22,000,000.00
Monthly NOI$146,666.67
Monthly Debt Service$139,054.97
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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