FINANCEDMultiFamily
LMF Commercial Provides $7.85 Million Refinance Loan For 16 Unit Multifamily In Brooklyn
$7,850,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 3, 2025
AI
The asset involved in this transaction is a multifamily property located in Brooklyn, featuring 16 units. The loan amount for refinancing is $7,850,000 with a CMBS loan type under a 5-year fixed term interest only agreement.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,850,000
- Loan Originator: Nihad Choudhury
- Lender: LMF Commercial
- Loan Date: 8/4/2025
- Loan Terms: 5 Year FTIO
Nihad Choudhury is the loan originator representing the refinancing process through LMF Commercial for this multifamily transaction in Brooklyn.
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
2.02%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93