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Alex Piroozian Of Washington Equity & Funding Corp Provides $1.35M Loan Acquisition In Brooklyn

Property Image
FINANCED
$1,350,000

New York

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MultiFamily2,256 SF
Financed 02/03/2025
the dealplayerscompscontact
Property Image
FINANCED

Alex Piroozian Of Washington Equity & Funding Corp Provides $1.35M Loan Acquisition In Brooklyn

MultiFamily2,256 SF
Financed 02/03/2025
the dealplayerscompscontact
Contact now

Summary

Asset Type:MultiFamily
Price Per Square Foot:$598
Total Square Footage:2,256 SF
Transaction Type:Loan

The asset involved in this transaction is a multifamily property located in Brooklyn, featuring a total square footage of 2,256 and comprising 2 units. The loan amount secured for this acquisition is $1,350,000. The loan type is specifically intended for acquisition purposes and is structured with a term of 12 months.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,350,000
  • Loan Type: Acquisition
  • Loan Terms: 12 months
  • Lender: Alex Piroozian - Washington Equity & Funding Corp

Alex Piroozian is noted for serving the Private Real Estate Investment Community for over 25 years, offering direct private lending services including fix and flip loans and DSCR loans. The lender provides comprehensive in-house services, ensuring a streamlined loan approval process and quick closing times.

Players

Washington Equity and Funding Corp
Washington Equity and Funding Corp
LENDER

Details

FINANCED
IMAGE: Alex Piroozian DATE: 02/03/2025 MARKET: Brooklyn ASSET TYPE: Multifamily ~ SF: 2,256 ~ UNITS: 2 LENDER: Alex Piroozian (@APirooz11294) - Washington Equity & Funding Corp (@WEFundingCorp) LOAN AMOUNT: $1,350,000 LOAN TYPE: Acquisition LOAN TERMS: 12 months NOTES FROM LENDER: Serving the Private RE Investment Community for Over 25 Years Direct Private Lender - Fix & Flip Loans & DSCR Loans All Underwriting, Processing, Funding & Servicing In-House *One Hour Loan Approval *Closings in as Little As 24 Hours w/Clear Title *Up to 100% Financing for Purchase & Renovation *Repayment Terms Up to 2 Years *Very Competitive Market-Priced Rates *One - Five Family, Mixed Use Properties *Loans $150K to $1 Million+ *Pre-approval Letters Provided Call Manny or Alex: 516-423-9770 [email protected] Wefundingcorp.com

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,350,000.00

Monthly NOI$9,000.00
Monthly Debt Service$8,532.92
Change in Cash Flow$0.00
Refinance Proceeds$0.00