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Goldman Sachs Provides $13.2M Loan For Multifamily Properties In Bronx & Brooklyn

Property Image
FINANCED
$13,200,000
Vincent Coratolo
Douglas Marshall
Samuel (Sam) Katz
+ 2

New York

See Similar Deals
MultiFamily
Financed 05/28/2020
the dealplayerscompscontact
Property Image
FINANCED

Goldman Sachs Provides $13.2M Loan For Multifamily Properties In Bronx & Brooklyn

Bronx, NY, USA

See Similar Deals
MultiFamily
Financed 05/28/2020
Vincent Coratolo
Douglas Marshall
Samuel (Sam) Katz
+ 2
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $13,200,000
  • Market: Bronx & Brooklyn

The property involved in the transaction is a multifamily asset located in Bronx & Brooklyn. The transaction amount for this deal is $13,200,000.

The lender for this transaction is Goldman Sachs. The broker representing the deal is David Bollag from Meridian Capital Group.

Players

David Bollag
Meridian Capital Group
David Bollag
29 deals$928.7M volume
BROKER
David Hayum
Meridian Capital Group
David Hayum
21 deals$877.7M volume
BROKER
Samuel (Sam) Katz
Meridian Capital Group
Samuel Katz
6 deals$123.1M volume
BROKER
Douglas Marshall
Douglas Marshall
5 deals$107.6M volume
BROKER
Vincent Coratolo
Coratolo Associates
Vincent Coratolo
9 deals$103.7M volume(914) 681-1300
BROKER
Morgan Stanley
Morgan Stanley
LENDER
Goldman Sachs
Goldman Sachs
LENDER
Washington Equity & Funding Corp.
Washington Equity & Funding Corp.
LENDER

Details

FINANCED
IMAGE: David Bollag DATE: 05/28/2021 MARKET: Bronx & Brooklyn ASSET TYPE: Multifamily LENDER: Goldman Sachs BROKER: David Bollag - Meridian Capital Group LOAN AMOUNT: $13,200,000 LOAN TERM: Refinance of four newly-developed buildings. The loan has a 10-year term with full-term interest only.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$13,200,000.00

Monthly NOI$88,000.00
Monthly Debt Service$83,432.98
Change in Cash Flow$0.00
Refinance Proceeds$0.00