Nihad Choudhury Of LMF Commercial Provides $6M Refinancing For Bronx Multifamily Asset
$6,000,000
$669/SF
Building Size
8,965 SF
Asset Type
MultiFamily
Closing
Jan 23, 2025
AI
The property asset involved in this transaction is a multifamily residential building located in the Highbridge area of The Bronx. It consists of 19 units and has a total square footage of 8,965. The transaction was supported by a refinancing loan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,000,000
- Lender: Nihad Choudhury - LMF Commercial
- Loan Type: Refinance
- Loan Terms: CMBS Refi: 10 Yr. FTIO, Cash-out
- Brokers: Isaac Filler, Michael Neumann & Yossi Koschitzki - Filler Capital
The key individuals involved in this transaction include Nihad Choudhury representing LMF Commercial as the lender, and brokers Isaac Filler, Michael Neumann, and Yossi Koschitzki from Filler Capital. Their efforts facilitated the refinancing of the multifamily asset in Highbridge.
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93