Equitas Capital Group Refinances Office Asset In Midwood, Brooklyn For $12.25M
$12,250,000
Building Size
—
Asset Type
Office
Closing
Aug 23, 2023
AI
An office property located in Midwood, Brooklyn has recently undergone a refinancing transaction. The loan amount for this transaction was $12,250,000. The loan terms include a 5-year fixed term with 3 years of interest-only payments. The prepayment option for this loan is flexible.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $12,250,000
- Loan Type: Refinance
- Loan Terms: 5 years fixed; 3 years interest only; Flexible prepay
Alex Leykind from Equitas Capital Group acted as the broker for this transaction. Equipped with expertise in commercial real estate financing, Equitas Capital Group specializes in finding tailored financing solutions for their clients. Their dedication lies in helping clients secure the best terms and lowest rates. To learn more about their services, interested parties can contact Alex Leykind at 646-637-7510 or email [email protected].
Market Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.29%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93