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:
- Property Type: Single Family Residence (SFR)
- Transaction Amount: $1,000,000
- Lender: Jeff Safi, Ruben Izgelov, Solomon Suleymanov & Moses Suleymanov - We Lend LLC
- Loan Type: Acquisition
- Location: Brooklyn, NY
- Loan Purpose: Fix & Flip
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
Brooklyn Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
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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