We Lend Provides $2.6M Bridge Loan For Multifamily Projects In New York
$2,588,170
Building Size
—
Asset Type
MultiFamily
Closing
Apr 3, 2024
AI
The multfamily project involved in the transaction spans across Sleepy Hollow, Melville, White Plains, Port Jefferson Station, and Stony Brook in New York. The loan amount for this project is $2,588,170 and the loan type is a Bridge loan. Ruben Izgelov, Moses Suleymanov, and Solomon Suleymanov from We Lend provided the financing.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,588,170
- Market: Sleepy Hollow, Melville, White Plains, Port Jefferson Station, Stony Brook
- Lender: Ruben Izgelov, Moses Suleymanov, Solomon Suleymanov - We Lend
The successful closing and funding of this significant multifamily project highlight the dedication of the lenders to providing swift and adaptable financing solutions tailored to meet the unique demands of each project. For further discussions on multifamily financing options or potential deals, Solomon Suleymanov can be contacted at 212.257.3888 or via email at [email protected]
Players
Centereach 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
6.13%
Cash-on-Cash
-1.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93