Cecil Thompson Secures $2.06M Fix & Flip Loan From RBI Private Lending For Brooklyn Multifamily
4003 Avenue J
$2,069,040
Building Size
—
Asset Type
MultiFamily
Closing
Oct 29, 2025
AI
The property asset involved in this transaction is a multifamily unit located at 4003 Avenue J in Brooklyn, featuring 2 units. The loan amount secured for this property is $2,069,040 as part of a fix & flip loan with terms extending over a period of 6 months.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,069,040
- Lender: RBI Private Lending - Arianna Mijares
- Landlord: Cecil Thompson
- Loan Type: Fix & flip loan
- Loan Terms: 6 months
The key individuals involved in the transaction include Arianna Mijares from RBI Private Lending, who served as the lender, and Cecil Thompson, identified as the landlord of the property. Their roles were crucial in facilitating the financing of this multifamily asset.
Players
Brooklyn 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
7.67%
Cash-on-Cash
-2.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93