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Allon Avgi Acquires SFR Portfolio In Suffolk County Using Sharestates Loan

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FINANCED
$972,000

New York

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Single Family Residence
Financed 11/18/2021
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FINANCED

Allon Avgi Acquires SFR Portfolio In Suffolk County Using Sharestates Loan

90 Bethpage Road, Copiague, New York 11726, United States

See Similar Deals
Single Family Residence
Financed 11/18/2021
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Summary

NEW YORK
Asset Type:Single Family Residence
Transaction Type:Loan

The property assets involved in this closed transaction are located at 90 Bethpage Road, 245 Caboto Avenue, and 183 Commack Road in Suffolk County. These assets are single-family residences (SFR) in the market of Suffolk County.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $972,000
  • Loan Type: Acquisition
  • Loan Terms: 30-Year fixed, 5-year stepdown, Non-recourse options available!

The lender in this transaction is sharestates''>Sharestates, represented by Mike Ramin. The landlord is Allon Avgi, and the broker involved in the deal is Philip Romano.

Note: Sharestates is a Direct National Private Lender providing various financing options such as fix and flip, multi-family bridge and value add, ground-up construction, and long-term rental loans. They offer non-recourse options and leverage up to 80% with special low rates.

Players

1 deal$972K volume
BROKER

Sharestates
LENDER

Details

FINANCED
IMAGE: Allon Avgi, Mike Ramin & Philip Romano DATE: 11/18/2021 ADDRESS: 90 Bethpage Road, 245 Caboto Avenue & 183 Commack Road MARKET: Suffolk County ASSET TYPE: SFR LENDER: Sharestates (@Sharestates) - Mike Ramin (@Mike_Loanawitz) LANDLORD: Allon Avgi (@AllonAvgi) BROKER: Philip Romano (@FundWithPhil) LOAN AMOUNT: $972,000 LOAN TYPE: Acquisition LOAN TERMS: 30-Year fixed, 5-year stepdown, Non-recourse options available! NOTE FROM @Sharestates: Sharestates is a Direct National Private Lender: 1-4 Family Fix n Flip Large Multi-family Bridge & Value Add Ground up Construction Long Term Rental Loans 80% LEVERAGE! Special Low Rates!

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$972,000.00

Monthly NOI$6,480.00
Monthly Debt Service$6,143.70
Change in Cash Flow$0.00
Refinance Proceeds$0.00