Updated Jan 2, 2025
LLC Refinances Multifamily Property In New York For $14M
$14,000,000
Units
31
Asset Type
MultiFamily
Closing
Aug 18, 2023
About this deal
AI
A multifamily property consisting of 31 units in New York has recently undergone a refinancing transaction. The property, located in the New York market, was involved in a loan refinance deal that took place on August 18, 2023. The transaction was facilitated by Esti Broyde from LLC. The loan amount for the refinancing was $14,000,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $14,000,000
- Units: 31
- Market: New York
Esti Broyde, a representative from LLC, played a crucial role in facilitating this refinancing deal for the multifamily property in New York. The transaction aims to provide financial stability and potentially enhance the property's value in the market. It indicates a strategic move by the involved parties to secure favorable loan terms and optimize the property's financial position.
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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93