Meridian Capital Group Refinances Crown Heights Multifamily For $32.8M
FINANCED
$32,800,000
New York
See Similar DealsMultiFamily
Financed 05/03/2022
FINANCED
Meridian Capital Group Refinances Crown Heights Multifamily For $32.8M
Crown Heights, New York City, New York, United States
See Similar DealsMultiFamily
Financed 05/03/2022
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
David Hayum and Sam Katz of Meridian Capital Group represented both parties in a recent transaction in Crown Heights. The deal involved the refinance of a multifamily property.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $32,800,000
The loan amount for the refinance was $32,800,000. The transaction took place in Crown Heights, a market known for its diverse range of properties. The property involved in the deal is a multifamily asset, providing opportunities for multiple rental units. The loan type for this transaction was a refinance, allowing the borrower to adjust their financing to better suit their needs.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$32,800,000.00
Monthly NOI$218,666.67
Monthly Debt Service$207,318.31
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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