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95 Moffat Street

We Lend Closes $1.02M Bridge Loan In Bushwick, Brooklyn Multifamily Deal
FINANCEDMultiFamily

We Lend Closes $1.02M Bridge Loan In Bushwick, Brooklyn Multifamily Deal

$1,023,500

$511/SF

Building Size

2,000 SF

Asset Type

MultiFamily

Closing

Dec 1, 2023

AI

A bridge loan transaction has been closed in Bushwick, Brooklyn. The multifamily property, spanning approximately 2,000 square feet, was involved in this deal.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,023,500
  • Market: Bushwick, Brooklyn

Ruben Izgelov, Moses Suleymanov, and Solomon Suleymanov of We Lend served as the lenders in this transaction. They provided a bridge loan of $1,023,500 for the property in Bushwick, Brooklyn.

We Lend is pleased to share that they recently closed their first joint venture deal with one of their active borrowers. In this transaction, they acted as both a debt and equity partner. For any financing inquiries, interested parties can contact Solomon Suleymanov directly at 212-257-3888 or [email protected].

Players

We Lend
We LendLender

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.50%

Cash-on-Cash

-4.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93