Lin Xiang Secures $1,071,000 Refinance Loan From Madison Mortgage Services For Multifamily Asset
120-11 14th Road
$1,071,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 28, 2026
AI
The asset involved in this transaction is a 4-unit multifamily property located at 120-11 14th Road, situated in the College Point market. The loan amount secured for this refinance transaction is $1,071,000, with terms extending over 30 years.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,071,000
- Lender: Madison Mortgage Services
- Landlord: Lin Xiang
- Broker: Roy Oskar - Bridge Advisory Group
- Loan Type: Refinance
- Loan Terms: 30 years
Roy Oskar, representing Bridge Advisory Group, has facilitated this refinancing deal. The brokerage is recognized for its breadth of services spanning investment sales, commercial leasing, residential leasing, and capital markets, showcasing their ability to connect clients with appropriate financing solutions tailored to their goals.
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.81%
Cash-on-Cash
-4.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93