NT Management Refinances Multifamily Property On Linden Street In Bushwick, Brooklyn Through Affinity Credit Union

A multifamily property at 296 Linden Street in Bushwick, Brooklyn, NY has been refinanced for $1,200,000. The property consists of 3 luxury residential units, with a total square footage of 2,850 sf. The loan to value ratio for this refinancing is 75%. The refinance terms are a 5-year fixed-rate on a 15-year term with a 25-year amortization.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,200,000
• Loan to Value: 75%
• Term: 5 Year Fixed-Rate on 15 Year Term / 25 Year Amortization
• Property Address: 296 Linden Street, Bushwick, Brooklyn, NY
• Square Footage: 2,850 sf
• Units: 3 Luxury Residential Units

The landlord for this property is NT Management. The lender for the refinancing is Affinity Credit Union. David Cappello, Vice President of a mortgage brokerage, represented the parties involved in the deal.