Guy Shmuel Of Swift Capital LLC Provides $1.1M Bridge Loan For Multifamily Acquisition In Astoria
FINANCED
$1,100,000
New York
See Similar DealsMultiFamily1,800 SF
Financed 04/03/2025
FINANCED
Guy Shmuel Of Swift Capital LLC Provides $1.1M Bridge Loan For Multifamily Acquisition In Astoria
MultiFamily1,800 SF
Financed 04/03/2025
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.
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Deal Type
30 years
10 years
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
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