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RBI Mortgages Provides $2,145,000 Refinance Loan For MultiFamily Property In Brooklyn

Property Image
FINANCED
$2,145,000

New York

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MultiFamily5,343 SF
Financed
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Property Image
FINANCED

RBI Mortgages Provides $2,145,000 Refinance Loan For MultiFamily Property In Brooklyn

287 Hawthorne Street

See Similar Deals
MultiFamily5,343 SF
Financed
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$401
Total Square Footage:5343 SF
Transaction Type:Loan

The asset involved in this transaction is a MultiFamily property located at 287 Hawthorne Street in Brooklyn. The loan amount for the refinance is $2,145,000.00 with a 7.625% interest rate. The loan terms include a DSCR loan structured as a 30 year 5 ARM interest-only payment plan.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $2,145,000.00
  • Lender: RBI Mortgages
  • Loan Type: Refinance
  • Loan Terms: DSCR Loan
  • Interest Rate: 7.625%
  • Loan Structure: 30 Year 5 ARM Interest Only

RBI Mortgages is the lender facilitating this refinance transaction, providing financing structured to accommodate the property’s revenue generation capabilities through the DSCR loan model.

Players

Alexander (Alex Nem) Nemirovskiy
Cornerstone Capital Financing
Alexander Nemirovskiy
39 deals$178.1M volume
BROKER
Alexander (Alex Nem) Nemirovskiy
Cornerstone Capital Financing
Alexander Nemirovskiy
39 deals$178.1M volume
BROKER
RBI Private Lending
RBI Private Lending
LENDER
RBI Mortgages
RBI Mortgages
LENDER

Details

FINANCED
IMAGE: Matthew Lamm, Alexander Nemirovskiy & Michael Zats DATE: 02/27/2025 ADDRESS: 287 Hawthorne Street MARKET: Brooklyn ASSET TYPE: Multifamily ~ SF: 5,343 ~ UNITS: 8 LENDER: RBI Private Lending (@RBIPrivateLending) – Matthew Lamm (@MattwLamm) LANDLORD: 287 Hawthorne Realty LLC – Michael Zats BROKER: CornerStone Capital of NY (@CornerstoneCapitalOfNY) – Alexander Nemirovskiy LOAN AMOUNT: $2,145,000 LOAN TYPE: Refinance LOAN TERMS: DSCR LOAN NOTE FROM LENDER: DSCR LOAN 7.625% INTEREST RATE 30 YEAR 5 ARM INTEREST ONLY

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,145,000.00

Monthly NOI$14,300.00
Monthly Debt Service$13,557.86
Change in Cash Flow$0.00
Refinance Proceeds$0.00