FINANCEDMultiFamily
Meridian Capital Group Refinances Amalgamated Warbasse Multifamily In Brooklyn For $275M
Brooklyn, New York, United States
$275,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 31, 2022
AI
The Amalgamated Warbasse multifamily property in Brooklyn has recently undergone a refinancing loan transaction. The loan amount for this deal was $275,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $275,000,000
- Address: Amalgamated Warbasse
- Market: Brooklyn
The loan transaction for the Amalgamated Warbasse property in Brooklyn was facilitated by Cary Pollack, Zev Karpel, and Sean Anderson from Meridian Capital Group.
Players
Brooklyn 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
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93