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108 North Kensico Avenue

RWC Lending Provides $4.3M Refinance Loan For Multifamily Property In White Plains
FINANCEDMultiFamily

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:

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.

Players

Jake Lapidot

Institutional Property Advisors

Broker

$298.5M

vol

19 deals

Broker
RWC Lending
RWC LendingLender

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