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Sean Robertson & Jeff Rosen...

Sean Robertson & Jeff Rosenfeld Of North River Partners Provide $20M Construction Loan For Valley Stream Multifamily
FINANCEDMultiFamily

Sean Robertson & Jeff Rosenfeld Of North River Partners Provide $20M Construction Loan For Valley Stream Multifamily

$20,000,000

$245/SF

Building Size

81,375 SF

Asset Type

MultiFamily

Closing

Mar 13, 2025

AI

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:

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

Michael Horowitz

Cooper Horowitz

Broker

$1.1B

vol

25 deals

Broker
NP
North River PartnersLender

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93