Flatiron Real Estate Advisors Secures $34.8 Million Refinance Loan From Bank Of Montreal
FINANCED
$34,800,000
New York
See Similar DealsMultiFamily1 SF
Financed 05/01/2025
FINANCED
Flatiron Real Estate Advisors Secures $34.8 Million Refinance Loan From Bank Of Montreal
MultiFamily1 SF
Financed 05/01/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$34,800,000
Total Square Footage:1 SF
Transaction Type:Loan
The asset involved in the transaction is a multifamily property portfolio located in Williamsburg, Brooklyn. The transaction is a refinance, with a total loan amount of $34,800,000 provided by the Bank of Montreal.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $34,800,000
- Lender: Bank of Montreal
- Landlord: Flatiron Real Estate Advisors
- Landlord's Representative: Morris Betesh & Omar Ferreira - Arrow Real Estate Advisors
- Transaction Date: 5/1/2025
- Market: Brooklyn
Morris Betesh and Omar Ferreira serve as the representatives for the landlord, Flatiron Real Estate Advisors, and are associated with Arrow Real Estate Advisors. This transaction highlights the involvement of key individuals in facilitating property financial activities in the multifamily sector.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$34,800,000.00
Monthly NOI$232,000.00
Monthly Debt Service$219,959.67
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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