Omar Slowe Of Harpia Secures $2.5 Million Acquisition Loan For Package Deal In Brooklyn
FINANCED
$2,500,000
New York
See Similar DealsPackage Deal96,320 SF
Financed 03/14/2025
FINANCED
Omar Slowe Of Harpia Secures $2.5 Million Acquisition Loan For Package Deal In Brooklyn
771 Putnam Avenue, 284 Gates Avenue, 631 Throop Avenue & 629 Throop Avenue
See Similar DealsPackage Deal96,320 SF
Financed 03/14/2025
Summary
NEW YORK
Asset Type:Package Deal
Price Per Square Foot:$26
Total Square Footage:96,320 SF
Transaction Type:Loan
The transaction involves a package deal located at 771 Putnam Avenue in Brooklyn. The acquisition loan secured for this property amounts to $2,500,000.00. The lender for this loan is Ushjo, facilitating the financing necessary for the acquisition process.
Summary of transaction details:
- Property Type: Package Deal
- Transaction Amount: $2,500,000.00
- Lender: Ushjo
- Landlord: Omar Slowe - Harpia
- Loan Type: Acquisition
- Loan Date: 03/14/2025
This deal represents the collaboration between Omar Slowe as the landlord and Ushjo as the lender, emphasizing the roles played by these key individuals and companies in completing the acquisition transaction at the specified address.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,500,000.00
Monthly NOI$16,666.67
Monthly Debt Service$15,801.70
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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