Nihad Choudhury Of LMF Commercial Provides $6.58M Refinance Loan For Kingsbridge Heights Multifamily
FINANCED
$6,580,000
New York
See Similar DealsMultiFamily6,470 SF
Financed
FINANCED
Nihad Choudhury Of LMF Commercial Provides $6.58M Refinance Loan For Kingsbridge Heights Multifamily
MultiFamily6,470 SF
Financed
Summary
Asset Type:MultiFamily
Price Per Square Foot:$1017
Total Square Footage:6470 SF
Transaction Type:Loan
The asset involved in this transaction is a multifamily property located in Kingsbridge Heights. It encompasses a total square footage of 6,470 and comprises 21 units, contributing to its multifamily classification.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,580,000
- Lender: Nihad Choudhury - LMF Commercial
- Loan Type: Refinance
- Loan Terms: CMBS: 5 year, 30 Year Amortization, City FHEPS, Cash Out
- Brokers: Jake Gluck & Michael Helmreich - Fortune Capital Group
Nihad Choudhury represented LMF Commercial in the lending process, facilitating the refinance transaction. The brokers overseeing this deal were Jake Gluck and Michael Helmreich from Fortune Capital Group, who played a critical role in the negotiation and arrangement of the refinancing terms.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,580,000.00
Monthly NOI$43,866.67
Monthly Debt Service$41,590.08
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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