George Roth Secures $1.35M Refinance Loan From Flushing Bank For 25-Unit Condo In Far Rockaway

A loan of $1,350,000 has been secured against a 25-unit fractured condominium located at 156 Beach 9th Street in the Far Rockaway market, with a total square footage of 68,000. The loan is a refinance type and has terms extending over 10 years.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $1,350,000
• Lender: Flushing Bank
• Landlord: George Roth
• Loan Type: Refinance
• Loan Terms: 10 Years
• Interest Rate: 6.25%
• Amortization: 30-Year
• Non-Recourse: Yes
• Release Prices for Individual Unit Sales: Yes
• Brokers: Jordan Gellman, Steven Edelstein & Isaac Filler - Filler Capital

This transaction involved Filler Capital, with brokers Jordan Gellman, Steven Edelstein, and Isaac Filler representing the landlord, George Roth, in securing this financing solution tailored for a fractured condominium scenario.