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Lev Capital Facilitates $1.3M Refinance Loan For Yonkers & Queens SFR

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FINANCED
$1,287,000
Matthew (Matt) Rubin
Yaakov Zar
+ 1

New York

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Single Family Residence6,500 SF
Financed 05/24/2022
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FINANCED

Lev Capital Facilitates $1.3M Refinance Loan For Yonkers & Queens SFR

115-16 199th Street, Queens, New York 11412, United States

See Similar Deals
Single Family Residence6,500 SF
Financed 05/24/2022
Matthew (Matt) Rubin
Yaakov Zar
+ 1
Contact now

Summary

NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$198
Total Square Footage:6,500 SF
Transaction Type:Loan

An SFR property located at 115-16 199th St. in Jamaica and 180 Yonkers Ave. in Yonkers was involved in a recent loan transaction. The property spans approximately 6,500 square feet and is situated in both the Yonkers and Queens markets.

Summary of transaction details:

The loan amount for this transaction was $1,287,000, and it was classified as a refinance loan. The terms of the loan included a 75% loan-to-value ratio, full cash-out above the total basis, and a 7-year interest-only period. The brokers involved in the deal were Yaakov Zar, Ofir Shalom, Matt Rubin, and Andras Breuer from Lev Capital.

Players

Ofir Shalom
4 deals$21.8M volume(917) 544-5040
BROKER

Yaakov Zar
Lev
34 deals$189.3M volume
BROKER

Matthew (Matt) Rubin
Lev
5 deals$15.2M volume
BROKER

Andras Breuer
Lev
6 deals$23.6M volume
BROKER

Details

FINANCED
IMAGE: Yaakov Zar, Ofir Shalom, Matt Rubin & Andras Breuer DATE: 05/24/2022 ADDRESS: 115-16 199th St. Jamaica & 180 Yonkers Ave. MARKET: Yonkers & Queens ASSET TYPE: SFR ~ SF: 6,500 BROKERS: Yaakov Zar (@YJZar), Ofir Shalom, Matt Rubin & Andras Breuer - Lev Capital (@LevCapital) LOAN AMOUNT: $1,287,000 LOAN TYPE: Refinance LOAN TERMS: 75% LTV, Full cash-out above the total basis, 7 Years IO

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,287,000.00

Monthly NOI$8,580.00
Monthly Debt Service$8,134.72
Change in Cash Flow$0.00
Refinance Proceeds$0.00