TD Bank Provides $2.7M Refinance Loan To Helm Equities For Retail Asset In Brooklyn
1927 Flatbush Avenue
$2,700,000
Building Size
—
Asset Type
Retail
Closing
Feb 9, 2026
About this deal
AI
The asset involved in this transaction is a retail property located at 1927 Flatbush Avenue in Brooklyn. The loan amount secured for this property is $2,700,000, with a refinance loan type and terms set for 5 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,700,000
- Lender: TD Bank
- Landlord: Helm Equities
- Broker: Daniel Lerer - GFI Realty Services
- Loan Type: Refinance
- Loan Terms: 5 Years
Key individuals in this transaction include Daniel Lerer, representing the broker agency GFI Realty Services, who facilitated the deal, and Michael Weiser, whose involvement is also noted in this transaction.
On the Map
$2,700,000
Retail
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Players
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93