JLJ Capital Closes $2.58M Bridge Loan For Multifamily Property In Stuyvesant Heights
FINANCED
$2,580,000
New York
See Similar DealsMultiFamily4,850 SF
Financed 12/27/2021
FINANCED
JLJ Capital Closes $2.58M Bridge Loan For Multifamily Property In Stuyvesant Heights
Stuyvesant Heights, New York City, New York, United States
See Similar DealsMultiFamily4,850 SF
Financed 12/27/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$532
Total Square Footage:4,850 SF
Transaction Type:Loan
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.
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,580,000.00
Monthly NOI$17,200.00
Monthly Debt Service$16,307.36
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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