News:
Brokerage
Posted: November 28, 2008
Stoneman and Dunson of iCap structure $3.9m loan for multifamily prop.
Michael Stoneman and Tai Dunson of iCap's arranged acquisition financing for a multifamily property. The property, located at 240 Cumberland St. in the Liberty Heights neighborhood, consists of 23 one-bedroom units and seven studios. The property had a $5.8 million purchase price with a $3.9 million loan priced at a 5.25% variable rate on a 12 MTA index using a 1.15x DSC ratio. Leverage was restricted by Debt Service due to the property's income being restricted by rent control. iCap arranged the loan through one of its trusted Capital Markets Sources.
Tags:
Brokerage
MORE FROM Brokerage
Dolce & Gabbana signs 21,000 s/f lease for New York headquarters at 551 Fifth Ave.
Manhattan, NY Dolce & Gabbana, an Italian fashion house, has signed a long-term, 21,000 s/f office lease at 551 Fifth Ave. for its New York headquarters,
Quick Hits
Columns and Thought Leadership
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt
First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
The art of investing in real estate - by Thomas Donovan
Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
.gif)