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We Lend Provides $2.6M Brid...

We Lend Provides $2.6M Bridge Loan For Multifamily Projects In New York
FINANCEDMultiFamily

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

We Lend
We LendLender

Centereach 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

6.13%

Cash-on-Cash

-1.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93