Sean Robertson & Jeff Rosenfeld Of North River Partners Provide $20M Construction Loan For Valley Stream Multifamily
FINANCED
$20,000,000
New York
See Similar DealsMultiFamily81,375 SF
Financed 03/13/2025
FINANCED
Sean Robertson & Jeff Rosenfeld Of North River Partners Provide $20M Construction Loan For Valley Stream Multifamily
MultiFamily81,375 SF
Financed 03/13/2025
Summary
Asset Type:MultiFamily
Price Per Square Foot:$245
Total Square Footage:81,375 SF
Transaction Type:Loan
The transaction involves a multi-family asset located in Valley Stream, comprising a total square footage of 81,375 and 63 units. The construction loan for this property amounts to $20,000,000.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $20,000,000
- Market: Valley Stream
- Lender: Sean Robertson & Jeff Rosenfeld - North River Partners
- Broker: Jordan Horowitz & Michael Horowitz - Cooper Horowitz
- Loan Type: Construction
Key individuals involved in this deal include Sean Robertson and Jeff Rosenfeld representing North River Partners as lenders. The brokers facilitating the transaction are Jordan Horowitz and Michael Horowitz from Cooper Horowitz.
Players
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$20,000,000.00
Monthly NOI$133,333.33
Monthly Debt Service$126,413.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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