Nassimi Realty Refinances Mixed-Use Property In Bushwick, Brooklyn For $5.5M

The mixed-use property located at 427 & 429-431 Knickerbocker Ave in Bushwick, Brooklyn has recently undergone a refinancing transaction. The property, owned by Nassimi Realty, was involved in a deal facilitated by brokers Evan Srebrenik and Jonathan Aghravi of JBA Equities. The transaction amount for the loan was $5,555,000.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $5,555,000
• Loan Type: Refinance
• Loan Terms: 4.90%, 5 + 5 Year Term, 2 Years I/O

This financing deal provides the property owner, Nassimi Realty, with an opportunity to refinance their existing loan and potentially secure more favorable terms and conditions. The refinancing process can allow for better cash flow management and improved overall financial stability for the property.