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Brooklyn, New York, United ...

We Lend LLC Provides $1.65M Cash-Out Refinance Loan For Brooklyn Multifamily Property
FINANCEDMultiFamily

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:

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

Moses Suleymanov

We Lend

Lender

$44.4M

vol

24 deals

Lender
We Lend
We LendLender
We Lend
We LendLender

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