Meridian Capital Group Refinances Crown Heights Multifamily For $32.8M
Crown Heights, New York City, New York, United States
$32,800,000
Building Size
—
Asset Type
MultiFamily
Closing
May 2, 2022
AI
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.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93