RWC Lending Provides $4.3M Refinance Loan For Multifamily Property In White Plains
108 North Kensico Avenue
$4,300,000
$271/SF
Building Size
15,860 SF
Asset Type
MultiFamily
Closing
Dec 20, 2024
AI
The asset involved in this transaction is a multifamily property located at 108 North Kensico Avenue in White Plains, comprising a total square footage of 15,860. The loan amount secured for this property is $4,300,000, under a refinance loan type.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,300,000
- Address: 108 North Kensico Avenue
- Market: White Plains
- Lender: RWC Lending
- Broker: Jake Lapidot - Cooper Horowitz
- Loan Type: Refinance
Key individuals involved in the transaction include Jake Lapidot, representing Cooper Horowitz as the broker for the deal. The lender facilitating the loan is RWC Lending, contributing to the refinancing of the property.
White Plains 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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93