Conway Capital Refinances Park Slope & Prospect Park Multifamily With $6.3M Loan From LMF Commercial

Conway Capital has recently secured a $6,300,000 refinance loan for a multifamily property located at 350 5th Street & 372 Baltic Street in Park Slope & Prospect Park. The property spans a total square footage of 13,080 and consists of 16 units. The loan has been provided by LMF Commercial, with Nihad Choudhury serving as the lender's representative.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,300,000
• Address: 350 5th Street & 372 Baltic Street
• Market: Park Slope & Prospect Park
• Square Footage: 13,080
• Units: 16

The deal was facilitated by broker Robert Tobias, who represented Conway Capital in securing the loan. This refinance transaction involves CMBS financing with a 10-year full interest-only repayment term and a loan-to-cost ratio (LTC) of 78%.