Avi Dagan Secures $3.3 Million Refinance Loan On New Haven Package Deal Of 21 Units

This transaction involves a package deal encompassing four properties located at 89 Carlisle St., 71 Lilac St., 244 Edgewood Ave., and 697-699 Elm St. in New Haven, CT, totaling 21 units. The loan amount secured for this refinancing is $3,300,000, with a cash-out feature and terms set for 5 years fixed full term interest-only payments, allowing flexible prepayment options.

Summary of transaction details:

• Property Type: Package Deal
• Transaction Amount: $3,300,000
• Units: 21
• Market: New Haven, CT
• Landlord: Avi Dagan
• Broker: Abe Mann - Mann Capital Advisors
• Loan Type: Refinance
• Loan Terms: Cash out, 5 Years fixed full term IO, flexible prepay

Avi Dagan acts as the landlord representing this transaction, while Abe Mann from Mann Capital Advisors served as the broker in this deal. The refinancing arrangement was structured to facilitate a cash-out option for the landlord's financial needs.