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Guy Shmuel Of Swift Capital LLC Provides $1.1M Bridge Loan For Multifamily Acquisition In Astoria

Property Image
FINANCED
$1,100,000

New York

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MultiFamily1,800 SF
Financed 04/03/2025
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Property Image
FINANCED

Guy Shmuel Of Swift Capital LLC Provides $1.1M Bridge Loan For Multifamily Acquisition In Astoria

MultiFamily1,800 SF
Financed 04/03/2025
Contact now

Summary

Asset Type:MultiFamily
Price Per Square Foot:$611
Total Square Footage:1,800 SF
Transaction Type:Loan

The asset involved in the transaction is a multifamily property located in Astoria, Queens. It consists of 1,800 square feet and includes 2 units.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,100,000
  • Lender: Guy Shmuel - Swift Capital LLC
  • Loan Type: Bridge
  • Loan Terms: 90% acquisition / 100% construction hold-back - 12 month term w/ no prepayment penalty

Guy Shmuel from Swift Capital LLC facilitated the acquisition bridge loan for a repeat client. The lender expressed excitement over the successful closing and emphasized the smooth process achieved during the transaction.

Players

10 deals$18M volume
LENDER

Swift Capital
LENDER

Details

FINANCED
IMAGE: Guy Shmuel DATE: 04/03/2025 MARKET: Astoria ASSET TYPE: Multifamily ~ SF: 1,800 ~ UNITS: 2 LENDER: Guy Shmuel (@G_Gadi) - Swift Capital LLC (@SwiftCapitalLLC) LOAN AMOUNT: $1,100,000 LOAN TYPE: Bridge LOAN TERMS: 90% acquisition / 100% construction hold-back - 12 month term w/ no prepayment penalty NOTE FROM LENDER: Another successful closing ! Excited to share that Swift Capital LLC has facilitated an acquisition bridge loan for a repeat client on a beautiful 2 family in Astoria, Queens. Pleased to have worked closely with the client to ensure a smooth and seamless closing process ! If you have any transactions that need immediate assistance or have any questions regarding terms, process, rates, etc. - please reach out to Guy Shmuel - [email protected] / @G_Gadi / @SwiftCapitalLLC

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,100,000.00

Monthly NOI$7,333.33
Monthly Debt Service$6,952.75
Change in Cash Flow$0.00
Refinance Proceeds$0.00