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Peak Capital Secures $10.5M Refinance Loan For Multifamily Property On 96 Sterling Place

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FINANCED
$10,500,000
David Gomez
Alex Rabin

New York

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MultiFamily18,020 SF
Financed 08/20/2020
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Property Image
FINANCED

Peak Capital Secures $10.5M Refinance Loan For Multifamily Property On 96 Sterling Place

96 Sterling Place, Park Slope, Brooklyn, NY 11217, USA

See Similar Deals
MultiFamily18,020 SF
Financed 08/20/2020
David Gomez
Alex Rabin
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$582
Total Square Footage:18,020 SF
Transaction Type:Loan

Peak Capital, represented by Alex Rabin & David Gomez, has successfully closed the refinancing deal for a multifamily property located at 96 Sterling Place in Park Slope. The property is situated in a highly sought-after market and offers great potential for future growth.

Summary of Transaction Details:

  • Property Type: Multifamily
  • Transaction Amount: $10,500,000
  • Address: 96 Sterling Place
  • Market: Park Slope

Jared Sobel from Walker Dunlop played a crucial role as the broker in this refinancing deal. His expertise and dedication were instrumental in ensuring the smooth completion of the transaction.

Peak Capital expresses their gratitude to Jared Sobel for his hard work and contribution. For any new acquisition opportunities, please reach out to Alex Rabin at [email protected].

Players

David Gomez
Peak Real Estate
David Gomez
71 deals$402.3M volume(212) 608-5321
BROKER
Alex Rabin
Peak Capital Advisors
Alex Rabin
61 deals$407.9M volume
BROKER
Walker & Dunlop
Walker & Dunlop
BROKERAGE
Walker & Dunlop
Walker & Dunlop
LENDER
Fannie Mae
Fannie Mae
LENDER
David Gomez
Peak Capital Advisors
David Gomez
71 deals$402.3M volume
LANDLORD
David Gomez
Peak Capital RE
David Gomez
71 deals$402.3M volume
LANDLORD
David Gomez
David Gomez
71 deals$402.3M volume
LANDLORD
Alex Rabin
Peak Capital Advisors
Alex Rabin
61 deals$407.9M volume
LANDLORD
Alex Rabin
Peak Capital RE
Alex Rabin
61 deals$407.9M volume
LANDLORD
Alex Rabin
Alex Rabin
61 deals$407.9M volume
LANDLORD

Details

FINANCED
IMAGE: Alex Rabin & David Gomez DATE: 08/20/2021 ADDRESS: 96 Sterling Place MARKET: Park Slope ASSET TYPE: Multifamily LENDER: Fannie Mae LANDLORD: Peak Capital (@PEAKCapitalRE) ⛰ - Alex Rabin & David Gomez BROKER: Jared Sobel - Walker Dunlop LOAN AMOUNT: $10,500,000 LOAN TYPE: Refinance NOTE FROM @PeakCapitalRE: We are thrilled to have closed the refinancing of 96 Sterling Place. A big thank you to Jared Sobel at Walker & Dunlop for his work in getting this done. As always, please let us know of new acquisition opportunities by emailing Alex Rabin, 📧 [email protected].

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$10,500,000.00

Monthly NOI$70,000.00
Monthly Debt Service$66,367.14
Change in Cash Flow$0.00
Refinance Proceeds$0.00