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Roey Realty brokers loan fo...

Updated Jan 2, 2025

 LLC Refinances Multifamily Property In New York For $14M
FINANCEDMultiFamily

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

Esti Broyde

Roey Realty

Broker

$72.6M

vol

9 deals

Broker

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

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