Equitas Capital Group Arranges $3.9M Acquisition Loan For Mixed-Use Property On East 50th Street In Midtown Manhattan | 405 East 50th Street | Alex Leykind | Mixed-use | Loan

Summary

Loan

NEW YORK

Mixed-use

3,420 sqft

The mixed-use property located at 405 East 50th Street in Midtown Manhattan has been involved in a recent transaction. The property spans approximately 3,420 square feet.

Summary of transaction details

Property Type: Mixed-use
Transaction Amount: $3,895,000
Loan Type: Acquisition Loan
Loan Rate: 3.25%
Loan Term: 10 Year Fixed
Loan Amortization: 20 Years
LTV: 95%
Financing Structure: Conventional
Closing Timeframe: 40 Days

The transaction was facilitated by Alex Leykind from Equitas Capital Group. Equitas Capital Group specializes in securing customized solutions for commercial financing needs. With their market-leading technology and dedicated team of experts, they aim to provide loans with the lowest rates and highest benefits in a timely manner. Clients can contact Equitas Capital Group at 646.637.7510 for more information.

Players

All
2

Agents
1
Agencies
1

Alex Leykind

Founder and Managing Director

$37M Sold

Equitas Capital Group

Details

Deal Summary

FINANCED

IMAGE: Alex Leykind DATE: 10/14/2021 ADDRESS: 405 East 50th Street MARKET: Midtown Manhattan ASSET TYPE: Mixed-use ~ SF: 3,420 BROKER: Alex Leykind (@AlexLeykind1) - Equitas Capital Group (@EquitasCapitalGroup) LOAN AMOUNT: $3,895,000 LOAN TYPE: Acquisition Loan LOAN RATE: 3.25% LOAN TERM: 10 Year Fixed LOAN AMORTIZATION: 20 Years LTV: 95% FINANCING STRUCTURE: Conventional CLOSING TIMEFRAME: 40 Day NOTE FROM BROKER: At Equitas Capital Group, we strive to secure our clients with customized solutions for their commercial financing needs. Our experts work tirelessly to find you loans with the lowest rates & highest benefits in the quickest amount of time. With our market-leading technology & dedicated team of experts, we guarantee your satisfaction with your transaction. Buying a property can be difficult, but here at Equitas, we make sure to alleviate that process by solving all your commercial financing needs in a timely manner. Call us at 646.637.7510 to learn more!

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Address405 East 50th Street

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