The mixed-use property located at 144 West 4th Street in Greenpoint, Brooklyn, consists of 23 units spread across 17,394 square feet. The asset includes 22 residential units and 1 retail unit. The loan assumption for this property was facilitated by MF1, with a loan amount of $7,440,000. The term of the loan was an 80% loan-to-cost ratio for two years, featuring full-term interest-only payments.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $7,440,000
• Units: 23
• Lender: MF1
• Landlord: Caspi Development
• Brokers: Emil DePasquale & Bryan Manz - Black Bear Capital Partners
• Loan Type: Loan Assumption
• Loan Terms: 80% LTC over 2 years with full term interest only

Emil DePasquale and Bryan Manz of Black Bear Capital Partners played a crucial role as brokers, advising the seller on the loan assumption for this mixed-use property. The transaction involved the strategic navigation of the loan terms and facilitated a seamless process for all parties involved.