Bogopa Enterprises Refinances $90M Loan With KeyBank For 1100 Myrtle Avenue Condo Units
New York
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1100 Myrtle Avenue
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The property asset involved in the context is a commercial condo located at 1100 Myrtle Avenue, Bedford Stuyvesant, Brooklyn. The asset consists of three commercial condo units within a 233-unit mixed-use building, covering a total square footage of 303,144. The property has undergone refinancing for a loan amount of $90,000,000 through KeyBank.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $90,000,000
- Lender: KeyBank
- Landlord: Francis An - Bogopa Enterprises
- Loan Type: Refinance
- Address: 1100 Myrtle Avenue
- Market: Bedford Stuyvesant, Brooklyn
The deal involved Bogopa Enterprises, led by landlord Francis An, who facilitated the refinancing of the property through KeyBank. This transaction represents a strategic financial move for the ownership of the mixed-use building, allowing them to leverage the asset in a competitive market.
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