Equitas Capital Group Refinances $5.75M Loan For Office Property At 8718 Bay Parkway, Brooklyn
8718 Bay Parkway, Brooklyn, NY 11214
$5,750,000
$1,446/SF
Building Size
3,974 SF
Asset Type
Office
Closing
Dec 14, 2021
About this deal
AI
The office building located at 8718 Bay Parkway in Brooklyn has recently undergone a refinancing transaction. The loan amount secured for this property is $5,750,000, with a refinance loan type. The loan terms include a fixed rate of 3.10% for 10 years, with a loan-to-value ratio of 65%.
Summary of Transaction Details:
- Property Type: Office
- Transaction Amount: $5,750,000
- Loan Type: Refinance
- Loan Terms: 3.10% rate, 10 years fixed, 65% LTV
Alex Leykind from Equitas Capital Group acted as the broker in this transaction. Equitas Capital Group specializes in providing tailored financing solutions for commercial real estate needs, ensuring client satisfaction with low rates and high benefits. Their dedicated team of experts works diligently to understand clients' needs and challenges, offering the best loans in a timely manner. For more information on how Equitas Capital Group can assist in finding the ideal loans for commercial properties, contact them at 646.637.7510.
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.76%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93