David Weisz Secures $21.3 Million Refinance For 44-Unit Mixed-Use Property In Borough Park

The property involved in this transaction is a mixed-use building located at 2177 60th Street in Borough Park, Brooklyn. The asset consists of 44 units and has a total area of 45,334 square feet. It was refinanced at a total loan amount of $21,300,000.

Summary of transation details:

• Property Type: Mixed-use
• Transaction Amount: $21,300,000
• Address: 2177 60th Street
• Market: Borough Park, Brooklyn
• Lender: Berkeley Point Capital
• Landlord: David Weisz
• Previous Debt: $16,000,000 from Fulton Bank
• Loan Type: Refinance

David Weisz is the landlord of the 44-unit building, and he has effectively replaced the prior debt of $16 million with financing from Newmark, securing a new loan from Berkeley Point Capital for the refinancing process.