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Equitas Capital Group broke...

Equitas Capital Group Refinances Office Asset In Midwood, Brooklyn For $12.25M
FINANCEDOffice

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].

Players

Alex Leykind

Equitas Capital Group

Broker

$478M

vol

75 deals

Broker

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