Updated Jan 2, 2025
Secures $1.66M Construction Loan For Brooklyn Multifamily
$1,662,250
Building Size
—
Asset Type
MultiFamily
Closing
Feb 23, 2023
About this deal
AI
A construction loan was secured for a multifamily property in Brooklyn, NY. The loan amount is $1,662,250, and the loan terms are set at 18 months.
Summary of transaction details
- Property Type: Multifamily
- Loan Amount: $1,662,250
- Loan Type: Construction
- Loan Terms: 18 months
Esti Broyde of served as the broker for this transaction.
Secures $1.66M Construction Loan For Brooklyn Multifamily is logged as a multifamily loan on Traded (2023). Secures $1.66M Construction Loan For Brooklyn Multifamily is classified as Multifamily on Traded. Esti Broyde, Roey Realty appear on the loan alongside Roey Realty. This page is the market file for the Secures $1.66M Construction Loan For Brooklyn Multifamily multifamily financed: pricing, party profiles, and other closed multifamily comps from the same area sit in the Market section below. Cite this Secures $1.66M Construction Loan For Brooklyn Multifamily loan when underwriting similar multifamily product.
Players
Market 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
9.54%
Cash-on-Cash
-2.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93