Nir Mor's Hanover Capital Provides $1.4M Acquisition Loan For Multifamily In Mott Haven, Bronx
FINANCED
$1,400,000
New York
See Similar DealsMultiFamily8,220 SF
Financed 10/12/2023
FINANCED
Nir Mor's Hanover Capital Provides $1.4M Acquisition Loan For Multifamily In Mott Haven, Bronx
MultiFamily8,220 SF
Financed 10/12/2023
Summary
Asset Type:MultiFamily
Price Per Square Foot:$170
Total Square Footage:8,220 SF
Transaction Type:Loan
The transaction involves a multifamily asset located in the Mott Haven area of Bronx with a total square footage of 8,220 and comprising 27 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Lender: Nir Mor - Hanover Capital
- Brokers: Michael Hess & Rocky Kelemer - Meridian Capital Group
- Loan Type: Acquisition
Nir Mor from Hanover Capital provided the loan for this acquisition, while Michael Hess and Rocky Kelemer from Meridian Capital Group facilitated the brokerage aspects of the deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,400,000.00
Monthly NOI$9,333.33
Monthly Debt Service$8,848.95
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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