Rajbir Singh Secures $4.2 Million Refinance Loan From Arion Fund For Mixed-Use Property In Brooklyn

The property asset involved in the transaction includes a mixed-use building located at 2757 Fulton Street & 2759 Fulton Street in Brooklyn. The property consists of 18 units divided into 2 commercial and 16 residential spaces, facilitating diverse income opportunities. The loan amount for this transaction was $4,200,000, which has been secured as a refinance at a fixed interest rate of 7.95%, with a structure that includes interest-only payments and no minimum interest requirement.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $4,200,000
• Units: 18 (2 Commercial & 16 Residential)
• Lender: Arion Fund
• Lender's Representatives: Amit Stern & Eli Ben-Meir
• Landlord: Rajbir Singh
• Loan Type: Refinance
• Loan Terms: 7.95%, IO, Fixed, No Minimum Interest

The deal was led by Rajbir Singh as the landlord, with financing facilitated by Arion Fund, represented by Amit Stern and Eli Ben-Meir, who are committed to offering tailored financing solutions in the multifamily sector. This approach fosters growth and opportunity within the real estate market, ensuring a fluid transaction process in this sector.