Tzvi Koslowe Lands $5.5M Cash-Out Refinance For 136-Unit Multifamily In Lansing MI

The asset involved in the transaction is Rivershell Apartments, a garden-style multifamily property consisting of 136 units with a total square footage of 110,000. It is located at 3165 Bayview Drive in Lansing, Michigan. A cash-out refinance was closed with a loan amount of $5,500,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,500,000
• Loan Type: Refinance
• Loan Terms: 5 Years
• Lender: Genysis Credit Union
• Landlord: Tzvi Koslowe
• Brokers: Jordan Gellman, Steven Edelstein, Shaya Hirtz & Isaac Filler - Filler Capital
• Market: Lansing, MI
• Closed in just 7 days from committee approval
• Low-6% fixed rate
• No prepayment penalty
• Cash-out proceeds returned to ownership
• Executed with a relationship credit union lender

The transaction was facilitated by the brokers from Filler Capital, including Jordan Gellman, Steven Edelstein, Shaya Hirtz, and Isaac Filler. Their expertise contributed to the successful arrangement of the refinance, demonstrating speed and structure in the execution of the deal, even within the current market conditions.