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

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:

• Property Type: SFR
• Loan Amount: $1,287,000
• Loan Type: Refinance
• Loan Terms: 75% LTV, Full cash-out above the total basis, 7 Years IO
• Brokers: Yaakov Zar, Ofir Shalom, Matt Rubin & Andras Breuer - Lev Capital

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.