David Gomez And Alex Rabin Of Peak Capital Secure $29.75M Bridge Loan For Multifamily Property
FINANCED
$29,750,000
New York
See Similar DealsMultiFamily357,000 SF
Financed 12/16/2024
FINANCED
David Gomez And Alex Rabin Of Peak Capital Secure $29.75M Bridge Loan For Multifamily Property
410 Amsterdam Avenue, 412 Amsterdam Avenue, 414 Amsterdam Avenue, 416 Amsterdam Avenue, 202 West 80th Street & 204 West 80th Street
See Similar DealsMultiFamily357,000 SF
Financed 12/16/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$83
Total Square Footage:357,000 SF
Transaction Type:Loan
The property asset involved in this transaction is a multifamily asset located at 410 Amsterdam Avenue, 412 Amsterdam Avenue, 414 Amsterdam Avenue, 416 Amsterdam Avenue, 202 West 80th Street, and 204 West 80th Street in the Upper West Side market. The total square footage of the asset is 59,500, comprising 77 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $29,750,000
- Loan Amount: $29,750,000
- Loan Type: Bridge
- Lender: Zach Kiel - Argentic
- Landlords: David Gomez & Alex Rabin - Peak Capital
- Brokers: Michael Lohan & Mitch Uris - Nineteen Blocks
The transaction features key individuals and companies including Zach Kiel who represents Argentic as the lender. David Gomez and Alex Rabin represent the landlords under Peak Capital, and the brokers facilitating the transaction are Michael Lohan and Mitch Uris from Nineteen Blocks.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$29,750,000.00
Monthly NOI$198,333.33
Monthly Debt Service$188,040.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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