We Lend LLC Provides $1.65M Cash-Out Refinance Loan For Brooklyn Multifamily Property
Brooklyn, New York, United States
$1,650,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 18, 2022
AI
The asset involved in this transaction is a multifamily property consisting of 3 units located in Brooklyn. The transaction was processed through a refinance loan amounting to $1,650,000 under a cash-out refinance loan type.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Loan Type: Refinance
- Loan Term: Cash-out refinance
- Lender: We Lend LLC
- Key Individuals: Jeff Safi, Ruben Izgelov, Solomon Suleymanov, Moses Suleymanov
- Date of Transaction: 07/18/2022
- Market: Brooklyn
The deal was facilitated by the lender We Lend LLC, with the team comprising Jeff Safi, Ruben Izgelov, Solomon Suleymanov, and Moses Suleymanov. For any loan inquiries, interested parties are directed to contact Solomon Suleymanov at [email protected].
Players
New York 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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93