LMF Commercial Provides $3.8M Refinance Loan For Brooklyn Multifamily Asset Of 5 Units
FINANCED
$3,800,000
New York
See Similar DealsMultiFamily
Financed 08/03/2025
FINANCED
LMF Commercial Provides $3.8M Refinance Loan For Brooklyn Multifamily Asset Of 5 Units
MultiFamily
Financed 08/03/2025
Summary
Asset Type:MultiFamily
Transaction Type:Loan
The asset involved in this transaction is a multifamily property consisting of 5 units. It is located in the Brooklyn market. The financing for this property was executed through a refinance loan arrangement.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,800,000
- Loan Type: Refinance
- Loan Terms: CMBS 5 Year, FTIO
- Lender: LMF Commercial
- Loan Originator: Nihad Choudhury
- Date of Loan: 8/4/2025
The transaction includes key individuals such as Nihad Choudhury, who served as the loan originator, representing the lender LMF Commercial in this deal. The transaction was notably part of a refinance arrangement, allowing the owners to access new financing terms.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,800,000.00
Monthly NOI$25,333.33
Monthly Debt Service$24,018.58
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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