Sunrise Equities Secures $845,000 Refinance Loan From Battalion For Bronx Multifamily Property
$845,000
Building Size
—
Asset Type
MultiFamily
Closing
May 27, 2025
AI
The asset involved in this transaction is a multifamily property located in the Bronx, with a loan amount of $845,000. The loan type is a refinance, facilitating further financial management for the landlord.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $845,000
- Lender: Battalion
- Landlord: Sunrise Equities
- Loan Type: Refinance
Neer Sachar represents Sunrise Equities in this loan transaction. Sunrise Equities is seeking additional value-added multifamily, mixed-use, and vacant building opportunities, and interested parties can contact Neer at [email protected] or call (516) 776-3195.
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
18.77%
Cash-on-Cash
-5.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93