We Lend LLC Provides $1.06M Loan For Multifamily Property In East Elmhurst
East Elmhurst, Queens, NY, USA
$1,064,000
$455/SF
Building Size
2,338 SF
Asset Type
MultiFamily
Closing
Sep 21, 2021
AI
We Lend LLC has provided a loan for a multifamily property in East Elmhurst. The property spans across 2,338 square feet and was closed on September 22, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,064,000
The loan was provided by We Lend LLC. The loan type is a 30-Year Rental Loan with an interest rate of 3.875%. Ruben Izgelov, Solomon Suleymanov, Moses Suleymanov, and Andrew Schnissel, representing We Lend LLC, were the key individuals involved in the transaction.
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
14.91%
Cash-on-Cash
-4.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93