Castellan Real Estate Partners Provides $3.6M Refinance Loan For Brooklyn Townhouse By Paul Salib
$3,600,000
$656/SF
Building Size
5,488 SF
Asset Type
MultiFamily
Closing
Jan 22, 2026
AI
The asset involved in this transaction is a townhouse located in Brooklyn, comprising 5,488 square feet and consisting of 2 units. The property was refinanced for a total loan amount of $3,600,000 under terms of 2 years.
Summary of transation details:
- Property Type: Townhouse
- Transaction Amount: $3,600,000
- Lender: Castellan Real Estate Partners
- Loan Originator: Paul Salib
- Broker: Peter Cohen
- Loan Type: Refinance
- Market: Brooklyn
The key individuals involved in this transaction include Paul Salib, who served as the loan originator, and Peter Cohen, who acted as the broker. Their roles were instrumental in facilitating the refinance of the townhouse within the Brooklyn market.
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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93