facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Loan

/

Brooklyn

LMF Commercial Provides $5 Million Refinance Loan For 18-Unit Multifamily In Brooklyn
FINANCEDMultiFamily

LMF Commercial Provides $5 Million Refinance Loan For 18-Unit Multifamily In Brooklyn

$5,000,000

Building Size

Asset Type

MultiFamily

Closing

Aug 3, 2025

AI

The property asset involved in this transaction is a multifamily building located in Brooklyn, comprising a total of 18 units. The loan amount for this asset is $5,000,000, with a refinancing structure featuring CMBS terms for 5 years and a fixed time of interest only.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $5,000,000
  • Loan Type: Refinance
  • Loan Terms: CMBS 5 Year, FTIO
  • Lender: LMF Commercial
  • Loan Originator: Nihad Choudhury
  • Date: 8/4/2025
  • Market: Brooklyn
  • Units: 18

Key individuals and companies involved in the transaction include Nihad Choudhury as the loan originator, representing LMF Commercial in the funding of this refinancing deal. The focus on a fixed interest period highlights the structured nature of the financial arrangement for the property.

Players

LMF Commercial
LMF CommercialLender

Nihad Choudhury

LMF Commercial

Originator

$172.3M

vol

25 deals

Originator

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93