Guy Shmuel Of Swift Capital Provides $1.1M Loan For Multifamily Acquisition In Maspeth
FINANCED
$1,100,000
New York
See Similar DealsMultiFamily1,760 SF
Financed 06/29/2025
FINANCED
Guy Shmuel Of Swift Capital Provides $1.1M Loan For Multifamily Acquisition In Maspeth
MultiFamily1,760 SF
Financed 06/29/2025
Summary
Asset Type:MultiFamily
Price Per Square Foot:$625
Total Square Footage:1,760 SF
Transaction Type:Loan
This transaction involved a multifamily asset located in Maspeth, Queens, featuring 1,760 square feet and comprising 2 units. The deal closed with a loan amount of $1,100,000 designated for acquisition and construction purposes.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Asset Size: 1,760 SF
- Number of Units: 2
- Lender: Guy Shmuel, Swift Capital LLC
- Loan Type: Acquisition + Construction
- Market: Maspeth
- Closing Date: 6/30/2025
Guy Shmuel from Swift Capital LLC facilitated this financing, which emphasized their proficiency in executing complex transactions with a rapid timeline. The deal was successfully closed in just 8 days, indicating a strategic approach to repositioning the acquired asset.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,100,000.00
Monthly NOI$7,333.33
Monthly Debt Service$6,952.75
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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