Robert Cayre And Alex Adjmi Secure $40 Million Refinance Loan From Webster Bank For Boerum Hill Property

A mixed-use property located at 239 Atlantic Avenue in Boerum Hill, Brooklyn encompasses a total of 124,534 square feet. The recent refinance transaction involved a loan amounting to $40,000,000, replacing prior debt associated with a 74-unit rental condo. The loan price was recorded at $321 per square foot.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $40,000,000
• Address: 239 Atlantic Avenue
• Market: Boerum Hill, Brooklyn
• Asset Size: 124,534 SF
• Lender: Webster Bank
• Landlord: Robert Cayre - Aurora Capital Associates, Alex Adjmi - A&H Acquisitions Corp. & Midtown Equities
• Loan Type: Refinance

The transaction features key individuals including Robert Cayre representing Aurora Capital Associates and Alex Adjmi representing A&H Acquisitions Corp. and Midtown Equities, both of whom played significant roles in securing the refinance option through Webster Bank.