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We Lend Refinances Multifam...

We Lend Refinances Multifamily Properties Across Bronx, Queens & Valley Stream With $2.5M Loan
FINANCEDMultiFamily

We Lend Refinances Multifamily Properties Across Bronx, Queens & Valley Stream With $2.5M Loan

$2,486,612

$530/SF

Building Size

4,692 SF

Asset Type

MultiFamily

Closing

Jan 8, 2024

AI

A multifamily property in Bronx, Queens, and Valley Stream, with a total square footage of 1,564, was recently involved in a closed transaction. The property was refinanced and repositioned by the borrower with the assistance of We Lend, a lending agency.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,486,612
  • Lender: We Lend - Ruben Izgel, Moses Suleymanov, Solomon Suleymanov, and Nathan Aronov
  • Loan Type: Bridge & Refinance
  • Date: 01/08/2024

We Lend played a pivotal role in the deal, offering support to the borrower with multiple properties across different markets. As a result, the borrower was able to successfully reposition, stabilize, and refinance these properties within a year. Notably, We Lend provided a fixed rate for a 30-year period, ensuring financial stability and predictability for the borrower. For more information, interested parties can contact We Lend directly at 212-777-7780 or [email protected].

Players

We Lend
We LendLender

Market 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

6.38%

Cash-on-Cash

-1.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93