facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Single Family Residence

/

Loan

/

Brooklyn, New York

We Lend LLC Provides $1M Acquisition Loan For SFR In Brooklyn
FINANCEDSingle Family Residence

We Lend LLC Provides $1M Acquisition Loan For SFR In Brooklyn

Brooklyn, New York

$1,000,000

Building Size

Asset Type

Single Family Residence

Closing

Aug 9, 2022

AI

The asset involved in this transaction is a Single Family Residence (SFR) located in Brooklyn, NY. The acquisition loan for this property amounts to $1,000,000, which encompasses both the purchase and renovation budget with a leverage of 80% for the purchase and 100% for renovation costs.

Summary of transaction details:

The individuals involved in this loan transaction include Jeff Safi, Ruben Izgelov, Solomon Suleymanov, and Moses Suleymanov, who represent We Lend LLC as the lender in this deal.

Players

Moses Suleymanov

We Lend

Lender

$44.4M

vol

24 deals

Lender
We Lend
We LendLender
We Lend
We LendLender

Brooklyn Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93