NYCB Provides $31.6M Loan For Multifamily Properties In Norwalk, CT With Brokers Meridian Capital Group

The multifamily property located at 34 Oakwood Avenue in Norwalk, CT and 101 Washington Street, known as The Sono Pearl, were involved in a recent closed transaction. The deal included a loan for a total amount of $31,600,000, provided by NYCB. The loan served the purpose of both refinance and acquisition. The loan terms span over a 36-month period with an interest rate of 3.125%. For the first 24 months, interest-only payments will be made.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $31,600,000
• Lender: NYCB
• Brokers: Judah Hammer & Daniel Neiss - Meridian Capital Group
• Loan Type: Refinance and Acquisition
• Loan Terms: 36-Months | Rates of 3.125% | 24 Months IO

Judah Hammer and Daniel Neiss from Meridian Capital Group represented the parties involved in the transaction as the brokers. They played a pivotal role in facilitating the deal for the multifamily properties at 34 Oakwood Avenue and 101 Washington Street, also known as The Sono Pearl, located in Norwalk, CT.