Cornerstone Capital Secures $4.2M Refinance Loan For Multifamily Properties In Miami & Coral Gables

Alex Nemirovskiy, Jesse Spencer, and Russell Nova successfully secured a refinancing loan for three multifamily properties in Miami and Coral Gables. The properties, located at 50 NW 79th Street, 1114 S Douglas Road, and 624-628 Santander Ave, totaled 33 units. Working closely with Franklin Jordan, the landlord, and Compass Real Estate, Cornerstone Capital of NY was able to secure the loan from Fannie Mae.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,247,000
• Loan Type: Refinance
• Loan Terms: 12 Year Fixed, 30 Year Amortization
• Lender: Fannie Mae
• Landlord: Franklin Jordan

Cornerstone Capital of NY has been actively involved in the Florida market, working with over 40+ commercial lenders. Their team approach and close collaboration with real estate firms ensure that clients receive the best terms and rates in the market. Russell Nova, the principal, expressed confidence in the deal, stating, "Sit Back Relax and Collect for 12 Years."

For more information and inquiries, you can contact the key individuals at Cornerstone Capital of NY. Russell Nova, Principal, can be reached at 917-559-1820 or [email protected]. Alex Nemirovskiy, Senior Credit Officer, can be contacted at 347-751-5232 or [email protected].