We Lend LLC Provides $1.5M Loan For Brooklyn Multifamily Acquisition
Brooklyn, New York, United States
$1,509,950
$503/SF
Building Size
3,000 SF
Asset Type
MultiFamily
Closing
Jun 16, 2022
AI
A multifamily property in Brooklyn has been acquired through a loan transaction. The property has a total square footage of 3,000 and consists of three units. The loan, provided by We Lend LLC, was secured for an amount of $1,509,950. The loan type was acquisition, and the leverage towards the purchase was 85%.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,509,950
- Square Footage: 3,000
- Units: 3
In this transaction, the key individuals involved were Ruben Izgelov, Solomon Suleymanov, Moses Suleymanov, and Solomon Lieberman. They represented We Lend LLC as loan providers. For any loan inquiries related to this transaction, Solomon Suleymanov can be contacted via email at [email protected].
Players
New York 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
10.51%
Cash-on-Cash
-3.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93