195 Montague St Ste Brooklyn, NY 11201-3628

Property Details for 195 Montague St Ste

Year built

1960

Property size

19,692 SF

Zone code

C52A

Property type

Office Properties & Spaces

APN

00244-1005

APU

2441005

Description

This offering presents a portfolio of sixteen high-yield (15% IRR) second position performing notes secured by low leverage, high cash flow properties across eight states. The pool comprises eleven cash flow assignments (mezzanine debt) and five preferred equity investments, all with personal guarantees and additional security measures. Twelve of the sixteen notes are fully amortizing, with the remaining four at least 50% amortizing. Remaining terms range from 28 to 56 months. All notes mature prior to the senior mortgage maturity date. The underlying assets include ten multifamily properties, four hotels (each in separate entities), one self-storage facility, and one single-family portfolio. A confidentiality agreement is required for access to detailed property addresses and loan documentation. Tier 1 diligence includes loan tape and deal one-pagers. Tier 2 diligence, accessible after proof of funds, provides executed contracts, entity documents, property documents, and sponsor background checks. The minimum investment is $100,000, with preference given to bids at or above the asking price, faster closings (before March 29, 2024), and larger investments. A 2% non-refundable deposit is required within 24 hours of the final bid due date. Indicative bids are due March 13, 2024. Buyers may participate in the entire pool or select specific notes.

Location Insight

City

Brooklyn

County

Kings

State

New York

Longitude

-73.9913

Latitude

40.6943

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments