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Brick City Capital Provides $2.4M Bridge Loan For Brooklyn SFR At 334 Carroll St

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FINANCED
$2,461,222

New York

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Single Family Residence3,440 SF
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FINANCED

Brick City Capital Provides $2.4M Bridge Loan For Brooklyn SFR At 334 Carroll St

334 Carroll Street

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Single Family Residence3,440 SF
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Summary

NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$715
Total Square Footage:3,440 SF
Transaction Type:Loan

The property involved in the transaction is a single-family home located at 334 Carroll St. in Brooklyn. The property has a total area of 3,440 square feet. The transaction was facilitated by Brick City Capital, who provided a bridge loan for a total amount of $2,461,222. The loan terms are set for a period of 24 months.

Summary of transaction details

The loan was secured by the property at 334 Carroll St. and facilitated by Brick City Capital. Veronique Hut and Matt Neptune, representing Brick City Capital, were the brokers involved in the transaction. The loan will be in effect for a period of 24 months, providing the necessary financing for the property.

Players

6 deals$14.9M volume
BROKER

Brick City Capital
LENDER

Details

FINANCED
IMAGE: Veronique Hut & Matt Neptune ADDRESS: 334 Carroll St. MARKET: Brooklyn ASSET TYPE: SFR ~ SF: 3,440 LENDER: Brick City Capital BROKERS: Veronique Hut (@VHut_) & Matt Neptune (@Matt_Neptun) - Brick City Capital LOAN AMOUNT: $2,461,222 LOAN TYPE: Bridge LOAN TERMS: 24 months

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,461,222.00

Monthly NOI$16,408.15
Monthly Debt Service$15,556.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00