Noah Schulman Of Pivot Real Estate Advisors Secures $18.6M Refinance For Multifamily Asset In Phoenix

The asset involved in this transaction is a multifamily property located in the Phoenix, AZ market, encompassing a total square footage of 95,000 and 160 units. The loan amount secured for this property is $18,600,000 as part of a refinance arrangement. The terms of the loan include a bank execution lasting 5 years with 4 years of interest-only payments, followed by a 30-year amortization period.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $18,600,000
• Loan Type: Refinance
• Loan Terms: Bank Execution: 5 Years, 4 Years Interest Only (Followed by 30 Year Amortization)
• Landlord's Representative: Noah Schulman - Pivot Real Estate Advisors

Noah Schulman from Pivot Real Estate Advisors represents the landlord in this transaction. Pivot secured the bank execution for a borrower who traditionally depended on Agency financing, providing a flexible financing solution to navigate the interest rate environment effectively while ensuring competitive terms.