Kireland Equity Investments Secures $7.5M Refinance Loan For Condo In Midtown Manhattan

The retail condominium unit at 250 East 49th Street in Midtown East, Manhattan, was refinanced for $7.5 million through a loan secured from Citibank by the Brazil Klein family, under Kireland Equity Investments. The property was acquired for $11.1 million on September 13, 2010, spanning 3,856 square feet. This refinance marks a reduction from the original $9.6 million loan amount from Citibank.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $7,500,000
• Lender: Citibank - Eric J. Torres
• Landlord: Kireland Equity Investments

The refinancing deal involved the Brazil Klein family represented by Kireland LLC. Eric J. Torres from Citibank facilitated the loan, showcasing strong financial acumen in negotiating the reduced loan amount. Kireland Equity Investments took a strategic move in managing the property's financial aspects, ensuring a favorable outcome for the retail condominium unit.