RBI Mortgages Provides $2,145,000 Refinance Loan For MultiFamily Property In Brooklyn
287 Hawthorne Street
$2,145,000
$401/SF
Building Size
5,343 SF
Asset Type
MultiFamily
Closing
Feb 27, 2025
AI
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
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.40%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93