Ridge Street Capital Provides $1.55M Refinance Loan For Hamilton Heights Multifamily Property
FINANCED
$1,550,000
New York
See Similar DealsMultiFamily3,604 SF
Financed 02/13/2025
FINANCED
Ridge Street Capital Provides $1.55M Refinance Loan For Hamilton Heights Multifamily Property
527 West 141st Street
See Similar DealsMultiFamily3,604 SF
Financed 02/13/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$430
Total Square Footage:3,604 SF
Transaction Type:Loan
The property asset is multifamily in nature, located at 527 West 141st Street in the Hamilton Heights market. This asset encompasses a total square footage of 3,604 and consists of 5 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,550,000
- Loan Amount: $1,550,000
- Loan Type: Refinance
- Loan Terms: Rate of 7.375, LTV 58.50%, 30 YR FRM
- Lender: Ridge Street Capital
The transaction involved Ridge Street Capital as the lender providing a refinance loan for the multifamily property. This deal highlights the financing terms agreed upon, reflecting the interest rate and loan-to-value ratio as critical factors in this closed transaction.
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LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,550,000.00
Monthly NOI$10,333.33
Monthly Debt Service$9,797.05
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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