Updated Sep 5, 2024
Morris Diamant & Tzvi Krieger Arrange $14.9M Refinance For Brooklyn Portfolio
Brooklyn New York
$14,900,000
Units
109
Asset Type
MultiFamily
Closing
Aug 30, 2022
About this deal
AI
The Brooklyn Portfolio, a multifamily property consisting of eight buildings and a total of 109 units, has recently undergone a refinancing transaction. The property, located in the Brooklyn market, has successfully secured a loan amount of $14,900,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $14,900,000
- Loan Type: Refinance
- Loan Term: 8 building portfolio consisting of a total of 109 Units
- Brokers: Morris Diamant & Tzvi Krieger - Meridian Capital Group
Morris Diamant and Tzvi Krieger from Meridian Capital Group played a key role as the brokers in the refinancing deal of the Brooklyn Portfolio. Their expertise and negotiation skills were instrumental in securing the loan for this multifamily property. The successful refinancing of the property showcases the strength and potential of the Brooklyn market.
On the Map
$14,900,000
MultiFamily
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Players
Frankfort 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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93