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EBC Capital Provides $1.75M Refinance Loan For 53 Varick Avenue In Brooklyn

Property Image
FINANCED
$1,750,000

New York

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Note / Loan26,370 SF
Financed 08/22/2025
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Property Image
FINANCED

EBC Capital Provides $1.75M Refinance Loan For 53 Varick Avenue In Brooklyn

53 Varick Avenue

See Similar Deals
Note / Loan26,370 SF
Financed 08/22/2025
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Note / Loan
Price Per Square Foot:$66
Total Square Footage:26,370 SF
Transaction Type:Loan

The asset involved in this transaction is a note secured by a property located at 53 Varick Avenue in Brooklyn, NY. The loan amount for the asset is $1,750,000, with a total square footage of 26,370. The market for this asset is identified as Brooklyn, NY.

Summary of transation details:

  • Property Type: Note / Loan
  • Transaction Amount: $1,750,000
  • Address: 53 Varick Avenue, Brooklyn, NY
  • Lender: EBC Capital
  • Broker: Eric Cohen - EBC Capital LLC
  • Loan Type: Refinance
  • Time to Close: 30 days

Key individuals involved in this transaction include Eric Cohen, who represented the lender EBC Capital LLC. The note from the lender indicates that EBC Capital efficiently provided financing solutions for this real estate opportunity, delivering the loan in a timely manner.

Players

Eric Cohen
EBC CAPITAL
Eric Cohen
1 deal$1.8M volume(516) 603-1054
BROKER

Details

FINANCED
IMAGE: Eric Cohen DATE: 8/22/2025 ADDRESS: 53 Varick Avenue MARKET: Brooklyn ASSET TYPE: Note / Loan ~ SF: 26,370 LENDER: EBC Capital BROKER: Eric Cohen (@EBCCapitalLLC) - EBC Capital LLC LOAN AMOUNT: $1,750,000 LOAN TYPE: Refinance NOTE FROM LENDER: EBC Capital is pleased to announce the closing of a $1,750,000 senior refinancing loan for the property located at 53 Varick Avenue in Brooklyn, NY. The loan proceeds enabled the borrower to quickly secure funding, with EBC Capital providing the loan from start to finish in just 30 days. This transaction highlights EBC Capital’s ability to deliver fast, efficient, and reliable financing solutions for high-quality real estate opportunities in prime New York markets.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,750,000.00

Monthly NOI$11,666.67
Monthly Debt Service$11,061.19
Change in Cash Flow$0.00
Refinance Proceeds$0.00