Sterling National Bank Refinances Mixed-Use Property In DUMBO, BK For $8.65M

Located in DUMBO, BK, at 11 & 13 Old Fulton St., a mixed-use property spanning approximately 11,990 square feet has been involved in a recent transaction. The property, owned by Leser Group, was the subject of a loan refinance deal facilitated by Sterling National Bank. The loan amount for this transaction was $8,650,000.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $8,650,000
• Loan Type: Refinance
• Lender: Sterling National Bank
• Landlord: Leser Group
• Brokers: Chaim Greenfeld & Mordechai Brodt - asternUnionFunding

Representing the parties involved in this deal, Chaim Greenfeld and Mordechai Brodt of asternUnionFunding acted as brokers. Their expertise and negotiation skills likely played a crucial role in successfully securing the refinancing loan for this mixed-use property in DUMBO, BK.