Nihad Choudhury & Nicholas Diamond Refinance Lenox Hill Multifamily For $4.2M With Lender LMF Commercial | Nihad Choudhury & Nicholas Diamond Refinance Lenox Hill Multifamily For $4.2M With Lender LMF Commercial | LMF Commercial | MultiFamily | Loan

Summary

Loan

NEW YORK

MultiFamily

4,573 sqft

A multifamily property located in Lenox Hill, Manhattan has recently undergone a loan transaction. The property spans approximately 4,573 square feet and consists of 4 units. It is situated in a market known for its high demand and prime location.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $4,200,000
Market: Lenox Hill, Manhattan
Square Footage: 4,573 SF
Number of Units: 4

The loan for this property was provided by Nihad Choudhury and Nicholas Diamond of LMF Commercial. The loan amount was $4,200,000 and it was a refinancing transaction. The terms of the loan included a 5-year full interest-only period with a 1.35x interest-only debt service coverage ratio (DSCR). The property was partially owner-occupied, contributing to the loan terms.

Players

All
1

Lenders
1

LMF Commercial

Details

Deal Summary

FINANCED

IMAGE: Nihad Choudhury & Nicholas Diamond DATE: 12/29/2023 MARKET: Lenox Hill, Manhattan ASSET TYPE: Multifamily ~ SF: 4,573 ~ UNITS: 4 LENDER: Nihad Choudhury (@NihadChy) - LMF Commercial BROKER: Nicholas Diamond - Lument LOAN AMOUNT: $4,200,000 LOAN TYPE: Refinance LOAN TERMS: CMBS: 5 year full IO, 1.35x IO DSCR, Partially owner-occupied

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AddressNihad Choudhury & Nicholas Diamond Refinance Lenox Hill Multifamily For $4.2M With Lender LMF Commercial

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