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Fannie Mae Provides $72M Acquisition Loan For New York Multifamily Property With Newmark Brokers

Property Image
FINANCED
$72,000,000
Henry Stimler
William (Bill) Weber
Daniel (Dan) Sarsfield
+ 1

New York

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MultiFamily
Financed 12/21/2023
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Property Image
FINANCED

Fannie Mae Provides $72M Acquisition Loan For New York Multifamily Property With Newmark Brokers

MultiFamily
Financed 12/21/2023
Henry Stimler
William (Bill) Weber
Daniel (Dan) Sarsfield
+ 1
the dealplayerscompscontact
Contact now

Summary

Asset Type:MultiFamily
Transaction Type:Loan

A $72,000,000 loan was provided to fund the acquisition of a multifamily property in New York. The loan was secured from Fannie Mae, a well-known lender in the real estate industry.

Summary of transaction details:

The loan was facilitated by a team of brokers from Newmark, including Ricky Warner, Henry Stimler, William Weber, and Daniel Sarsfield. The involvement of these experienced professionals contributed to the successful completion of the acquisition.

Players

William (Bill) Weber
Newmark
William Weber
49 deals$9.6B volume
BROKER
Henry Stimler
Newmark
Henry Stimler
53 deals$4.7B volume
BROKER
Daniel (Dan) Sarsfield
Newmark
Daniel Sarsfield
8 deals$656.3M volume(301) 347-4929
BROKER
Ricky Warner
Newmark
Ricky Warner
40 deals$2.5B volume(818) 687-0714
BROKER
Fannie Mae
Fannie Mae
LENDER

Details

FINANCED
IMAGE: Ricky Warner, Henry Stimler, William Weber & Daniel Sarsfield DATE: 12/21/2023 MARKET: New York ASSET TYPE: Multifamily LENDER: Fannie Mae (@OfficialFannieMae) BROKERS: Ricky Warner (@RickyWarner1), Henry Stimler (@HenryStimler), William Weber & Daniel Sarsfield - Newmark (@Newmark) LOAN AMOUNT: $72,000,000 LOAN TYPE: Acquisition

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$72,000,000.00

Monthly NOI$480,000.00
Monthly Debt Service$455,088.98
Change in Cash Flow$0.00
Refinance Proceeds$0.00