Updated Dec 4, 2024
Guy Shmuel Of Swift Capital LLC Provides $1.68M Loan For Brooklyn Multifamily Acquisition
$1,680,000
$790/SF
Building Size
2,126 SF
Asset Type
MultiFamily
Closing
Nov 1, 2024
About this deal
AI
The asset involved in this transaction is a multifamily property located in the Brooklyn market, featuring a total square footage of 2,126. The loan amount secured for the acquisition is $1,680,000, with terms constituting 85% of the acquisition cost and 100% of construction expenses.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,680,000
- Lender: Guy Shmuel - Swift Capital LLC
- Loan Type: Acquisition
- Loan Terms: 85% of Acquisition + 100% of Construction
Guy Shmuel represents Swift Capital LLC as the lender in this transaction. He is available for any deals requiring immediate assistance or questions at his contact points G_Gadi, SwiftCapitalLLC, or via email at [email protected].
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
9.44%
Cash-on-Cash
-2.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93