SkyRock Capital Secures $4.25M Construction Loan For Multifamily Asset At 310 West 144th Street
FINANCED
$4,250,000
New York
See Similar DealsMultiFamily16,650 SF
Financed 04/10/2025
FINANCED
SkyRock Capital Secures $4.25M Construction Loan For Multifamily Asset At 310 West 144th Street
310 West 144th Street
See Similar DealsMultiFamily16,650 SF
Financed 04/10/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$255
Total Square Footage:16,650 SF
Transaction Type:Loan
The property asset involved in the transaction is located at 310 West 144th Street in Harlem, Manhattan. This multifamily asset encompasses a total square footage of 16,650 and consists of 48 units, with a construction loan amount of $4,250,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,250,000
- Address: 310 West 144th Street
- Market: Harlem, Manhattan
- Asset Size: 16,650 SF
- Units: 48
- Lender: Amit Stern, Eli Ben-Meir & Dylan Kronenberg - Arion Fund
- Landlord: SkyRock Capital
- Loan Type: Construction
The deal involves key individuals from Arion Fund, where Amit Stern, Eli Ben-Meir, and Dylan Kronenberg are noted as the lenders. The financing is tailored to support growth and opportunity within the multifamily sector, demonstrating a commitment to delivering customized financial solutions.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,250,000.00
Monthly NOI$28,333.33
Monthly Debt Service$26,862.89
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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