Equitas Capital Group Refinances New York City Multifamily Building With $9.04M Loan

A multifamily property in New York City has recently undergone a refinancing transaction. The property, represented by Alex Leykind of Equitas Capital Group, obtained a loan amount of $9,044,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $9,044,000

The loan was obtained for the purpose of refinancing the property. The loan terms include a loan-to-value (LTV) ratio of 65%, a fixed term of 5 years, an amortization period of 30 years, and 3 years of interest-only payments. The loan is non-recourse and assumable.

Equitas Capital Group, represented by Alex Leykind, acted as the broker in this transaction. They specialize in commercial financing and offer competitive rates and favorable terms to their clients. For more information or inquiries, they can be contacted at 646-637-7510 or [email protected].