The property at 499 and 503 Evergreen Avenue in Bushwick, Brooklyn, has recently undergone a refinance. The asset, a condo, is owned by Urban View Development Group, represented by borrower 503 Evergreen Avenue LLC. The refinance loan was provided by Terra Solid Capital, with Siamak Darouvar serving as the lender's representative.

Summary of transaction details

• Property Type: Condo
• Transaction Amount: $6,880,000
• Loan Type: Refinance
• Loan Date: 03/30/2023
• Lender: Terra Solid Capital - Siamak Darouvar
• Landlord: Urban View Development Group - Nadav Hamo

The refinance deal, recorded on April 14, 2023, allowed Urban View Development Group to secure a new loan of $6.9 million with Terra Solid Capital. Prior to this refinance, the property was held under a loan from Goldman Sachs affiliate Genesis Capital, which had an original loan amount of $6.9 million.