Guy Shmuel Of Swift Capital LLC Provides $1.1M Bridge Loan For Multifamily Acquisition In Astoria
$1,100,000
$611/SF
Building Size
1,800 SF
Asset Type
MultiFamily
Closing
Apr 3, 2025
AI
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
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93