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Allan Lieberman Secures $2.325M Refinance Loan In Sunnyside, Queens NYC

Property Image
FINANCED
$2,325,000

New York

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MultiFamily10,660 SF
Financed
the dealplayerscompscontact
Property Image
FINANCED

Allan Lieberman Secures $2.325M Refinance Loan In Sunnyside, Queens NYC

MultiFamily10,660 SF
Financed
the dealplayerscompscontact
Contact now

Summary

Asset Type:MultiFamily
Price Per Square Foot:$218
Total Square Footage:10660 SF
Transaction Type:Loan

The multifamily property located in Sunnyside, Queens NYC spans 10,660 square feet and comprises 16 residential units. The loan transaction involved a total amount of $2,325,000 with RWC Lending providing the refinancing.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $2,325,000
  • Units: 16
  • Lender: RWC Lending
  • Loan Type: Refinance
  • Loan Terms:
    • 5-year Fixed Rate locked at Application - Low 7’s
    • Full Term Interest Only
    • Stepdown Prepayment Penalty
    • Non-recourse
    • Sub <60 days process to Closing
  • Broker: Allan Lieberman - Meridian Capital Group

The transaction was facilitated by Allan Lieberman from Meridian Capital Group. With his expertise, Meridian Capital Group was able to find solutions, expedite the closing process within a timeframe of less than 60 days, and cover the entire outstanding balance and closing costs of the loan.

Players

Allan Lieberman
Meridian Capital Group
Allan Lieberman
16 deals$216.5M volume
BROKER
RWC Lending
RWC Lending
LENDER

Details

FINANCED
IMAGE: Allan Lieberman DATE: 07/15/2024 MARKET: Sunnyside, Queens NYC ASSET TYPE: MultiFamily ~ SF: 10,660 ~ UNITS: 16 LENDER: RWC Lending BROKER: Allan Lieberman (@AllanLieb) - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $2,325,000 LOAN TYPE: Refinance LOAN TERMS: Meridan finds solutions and keeps closing. The Loan amount covered entire outstanding balance & closing costs. • 5-year Fixed Rate locked at Application - Low 7’s • Full Term Interest Only • Stepdown Prepayment Penalty • Non-recourse • Sub <60 days process to Closing NOTE FROM BROKER: ALLAN LIEBERMAN MERIDIAN CAPITAL GROUP 212-612-0234 [email protected]

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,325,000.00

Monthly NOI$15,500.00
Monthly Debt Service$14,695.58
Change in Cash Flow$0.00
Refinance Proceeds$0.00