Sajjad Malek Secures $1 Million Refinance Loan Through NVE Bank For Mixed-Use Asset In Astoria

The property asset involved in this transaction is a mixed-use building located at 25-76 Steinway Street in the Astoria market. The loan amount associated with this property is $1,000,000, structured as a refinance with a loan term of 6.625% over 30 years.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $1,000,000
• Lender: NVE Bank
• Landlord: Sajjad Malek
• Broker: James Hansen - Highcap Group

The key individuals involved in this transaction include Sajjad Malek, serving as the landlord, and James Hansen from Highcap Group, representing the broker in this deal. The lender facilitating the refinance is NVE Bank.