Updated Mar 11, 2025
JLJ Capital Closes $2.58M Bridge Loan For Multifamily Property In Stuyvesant Heights
Stuyvesant Heights, New York City, New York, United States
$2,580,000
$532/SF
Building Size
4,850 SF
Asset Type
MultiFamily
Closing
Dec 27, 2021
About this deal
AI
A $2.58 million bridge loan was closed by JLJ Capital for a multifamily property in Stuyvesant Heights, Brooklyn. The property, spanning approximately 4,850 square feet, was involved in the transaction in late December 2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,580,000
- Loan Type: Bridge
- Loan Terms: 24 Months + One 6 Month Extension Option
- Lender: JLJ Capital
JLJ Capital facilitated the bridge loan for the multifamily property in Stuyvesant Heights. The loan provided financial support for the property's acquisition or refinancing needs. For more information, interested parties can contact JLJ Capital at +1(212) 373-4500 and mention 'JLJ2022' to receive a $500 credit. Additional details about this loan and other small balance transactions can be found on JLJ Capital's website here.
Players
New York 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
6.15%
Cash-on-Cash
-1.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93