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Brooklyn, NY, USA

Realty Capital Finance Provides $2.375M Acquisition Loan For Brooklyn Package Deal
FINANCEDMultiFamily

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

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.

Players

Mark Safrin

RealtyCapitalFinance

Lender

$43.9M

vol

6 deals

Lender
Realty Capital Finance
Realty Capital FinanceLender
We Lend
We LendLender

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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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