Updated Oct 25, 2024
We Lend LLC Provides $796K Acquisition Loan For South Ozone Park Multifamily Property
South Ozone Park, Queens, NY, USA
$796,250
$208/SF
Building Size
3,827 SF
Asset Type
MultiFamily
Closing
Sep 9, 2021
About this deal
AI
We Lend LLC has provided a loan for the acquisition of a multifamily property located in South Ozone Park. The property spans approximately 3,827 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $796,250
- Market: South Ozone Park
- Lender: We Lend
- Loan Type: Acquisition Loan
The lending team from We Lend, consisting of Ruben Izgelov, Solomon Suleymanov, and Moses Suleymanov, facilitated the loan. The loan amount of $796,250 represents 85% of the purchase price and covers 100% of the construction costs.
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
19.92%
Cash-on-Cash
-5.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93