Daniel Yaghoubi And Jeremy Nikfarjam Secure $6.7 Million Refinance Loan Through Simon Dilmanian In Brooklyn

The transaction involves a multifamily asset located at 104 Grove St in Brooklyn. The refinance loan secured for this property amounts to $6,700,000, with a loan type that includes 70% loan-to-value (LTV), a 1.2 debt service coverage ratio (DSCR), and a 30-year amortization period.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,700,000
• Lender: Freddie Mac
• Landlord: Daniel Yaghoubi & Jeremy Nikfarjam
• Broker: Simon Dilmanian - ARD Capital Group
• Loan Type: Refinance
• Loan Terms: 70% LTV, 1.2 DSCR, 30-year amortization

Simon Dilmanian of ARD Capital Group represented clients Daniel Yaghoubi and Dr. Jeremy Nikfarjam in negotiating competitive loan terms. The negotiation was facilitated through agency relationships, securing both discounts and timely execution for the transaction.