Updated Oct 19, 2026
FINANCEDMultiFamily
Kempthon McIntosh & Anne McNeill Secure $850,000 Construction Loan For Multifamily Asset In Brooklyn
227 Macdonough Street
$850,000
Building Size
—
Asset Type
MultiFamily
Closing
May 14, 2026
About this deal
AI
The property asset involved in the transaction is a multifamily property located at 227 Macdonough Street in Brooklyn. The landlord of this asset is Kempthon McIntosh and Anne McNeill, affiliated with K.W. McIntosh Construction Corp. A construction loan was secured for an amount of $850,000 to facilitate work on the property.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $850,000
- Lender: American Financial Network
- Landlord: Kempthon McIntosh & Anne McNeill - K.W. McIntosh Construction Corp
- Loan Type: Construction
- Date of Transaction: 5/15/2026
The key individuals involved in the transaction include Kempthon McIntosh and Anne McNeill as the landlords, representing K.W. McIntosh Construction Corp in this construction loan agreement. American Financial Network acted as the lender providing the financial backing for this endeavor.
On the Map
$850,000
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
18.66%
Cash-on-Cash
-5.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93