Clipper Realty Secures $70M Loan From Capital One Multifamily Finance In New York

The commercial property located at 1955 1st Avenue, New York, NY, 10029, has been involved in a recent transaction. Clipper Realty secured a loan amount of $70,000,000.00 from Capital One Multifamily Finance. Shaya Sonnenschein from Meridian Capital Group represented Clipper Realty in this deal.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $70,000,000.00
• Market: New York
• Borrower: Clipper Realty
• Lender: Capital One Multifamily Finance
• Borrower's Rep: Shaya Sonnenschein (Meridian Capital Group)

The key individuals and companies in this transaction include Clipper Realty as the borrower, Capital One Multifamily Finance as the lender, and Shaya Sonnenschein from Meridian Capital Group as the borrower's representative. This financial arrangement showcases the active involvement of these entities in the commercial real estate market of New York.