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
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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93