Tzvi Koslowe Secures $6.9M Refinance Loan For 118-Unit Multifamily Asset In Detroit

The property involved in the transaction is a multifamily asset located at 4417 2nd Avenue in Detroit, comprising 118 units. The loan amount arranged for this property was $6,918,000, utilized for refinancing purposes with a term of 36 months.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,918,000
• Lender: A10 Capital
• Landlord: Tzvi Koslowe
• Loan Type: Refinance
• Loan Terms: 36 Months

The deal involved key individuals including brokers Jordan Gellman, Isaac Filler, Shaya Hirtz, Steven Edelstein, and Yossi Koschitzki, all representing Filler Capital. The financing solution was executed successfully despite complexities such as acquisition from receivership with limited documentation and the property's condition requiring significant updates after closing.