H.I.G. Capital Provides $46.9M Refinance Loan For Commercial Real Estate In Clinton Hill

A commercial real estate property located at 540 Waverly Avenue in Clinton Hill has recently undergone a loan refinancing transaction. The property consists of 135 units and is owned by Daten Group, represented by David Ennis. The loan, amounting to $46,875,000, was provided by H.I.G. Capital, with Michael Mestel acting as the lender's representative.

Summary of transaction details

• Property Type: Commercial Real Estate
• Transaction Amount: $46,875,000
• Address: 540 Waverly Avenue
• Market: Clinton Hill
• Units: 135
• Lender: H.I.G. Capital - Michael Mestel
• Landlord: Daten Group - David Ennis

The individuals involved in this deal include David Ennis from Daten Group and Michael Mestel from H.I.G. Capital. The loan transaction provides an opportunity for the property's refinancing, enabling the continuation of operations in this commercial real estate asset.