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287 Hawthorne Street

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

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

Alexander Nemirovskiy

Cornerstone Capital Financing

Broker

$178.1M

vol

39 deals

Broker
RBI Private Lending
RBI Private Lending Lender

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