Tameer Orevi Provides $3.997M Bridge Loan On Atlantic Beach Single Family Home
FINANCED
$3,997,500
New York
See Similar DealsSingle Family5,829 SF
Financed 06/07/2024
FINANCED
Tameer Orevi Provides $3.997M Bridge Loan On Atlantic Beach Single Family Home
1770 Bay Boulevard
See Similar DealsSingle Family5,829 SF
Financed 06/07/2024
Summary
NEW YORK
Asset Type:Single Family
Price Per Square Foot:$685
Total Square Footage:5,829 SF
Transaction Type:Loan
The property at 1770 Bay Boulevard in Atlantic Beach is a single-family residence with a total square footage of 5,829. The lender for this transaction was Tameer Orevi from Orevi Capital, providing a loan amount of $3,997,500. The loan type in this deal was a bridge loan with terms set for a bridge to sell, featuring an 18-month loan term with interest-only payments.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $3,997,500
- Asset Type: Single Family
- Address: 1770 Bay Boulevard
- Market: Atlantic Beach
The landlord associated with this property is Sri Koneru, completing the key individuals involved in this real estate transaction.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,997,500.00
Monthly NOI$26,650.00
Monthly Debt Service$25,266.92
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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