A multifamily property in Washington Square West, PA has recently undergone a loan refinance transaction. The property spans approximately 6,700 square feet and consists of 6 units. The loan, facilitated by Nihad Choudhury of LMF Commercial, was brokered by Robert Tobias of RJT Capital Partners.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $2,000,000
• Loan Type: Refinance
• Loan Terms: CMBS: 72% LTV, 5 years full IO, 1.25x IO DSCR, Full cash out

Nihad Choudhury from LMF Commercial served as the lender in this refinance deal, while Robert Tobias of RJT Capital Partners acted as the broker. The loan amount for the transaction was $2,000,000, with the loan type being a refinance. The loan terms included a CMBS with a 72% loan-to-value ratio, 5 years of full interest-only payments, a 1.25x interest-only debt service coverage ratio, and the ability to cash out.