Updated Oct 28, 2024
Realty Capital Finance Provides $2.375M Acquisition Loan For Brooklyn Package Deal
Brooklyn, NY, USA
$2,375,000
$791/SF
Building Size
3,000 SF
Asset Type
MultiFamily
Closing
Sep 30, 2021
About this deal
AI
A package deal consisting of 9,000 square feet of property in Brooklyn was recently closed. The transaction took place on September 30, 2021, and involved an acquisition loan provided by @RealtyCapitalFinance. The loan amount was $2,375,000, and the loan type was an acquisition loan with a fixed interest rate of 3.75% for 30 years.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $2,375,000
- Market: Brooklyn
The lender in this deal was @RealtyCapitalFinance, represented by Samuel Kwadrat, Heshy Safrin, and Mark Safrin. They provided the acquisition loan to facilitate the purchase of the 9,000 square feet of property in Brooklyn. The loan terms included a fixed interest rate of 3.75% for a 30-year duration.
On the Map
$2,375,000
$791/SF
MultiFamily
View full map
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Mark Safrin to view all their deals.
Browse New York multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.68%
Cash-on-Cash
-1.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93