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The Bronx - Highbridge

Nihad Choudhury Of LMF Commercial Provides $6M Refinancing For Bronx Multifamily Asset
FINANCEDMultiFamily

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:

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

Isaac Filler

Filler Capital

Broker

$1.7B

vol

77 deals

Broker
Nihad Choudhury

Nihad Choudhury

LMF Commercial

Lender

$172.3M

vol

25 deals

Lender
LMF Commercial
LMF CommercialLender

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

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93