Sollevare Group Secures $8.75M Refinance Loan For Mixed-Use Property In Brooklyn

The property asset involved in this transaction is a mixed-use building located at 306 Court Street, 315 Court Street, and 317 Court Street in Brooklyn. The total square footage of the property is 13,710, which encompasses 7 residential units and 5 commercial units. The transaction pertains to a refinance involving a loan amount of $8,750,000.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $8,750,000
• Address: 306 Court Street, 315 Court Street & 317 Court Street
• Market: Brooklyn
• Asset Square Footage: 13,710
• Lender: Joseph E. Fingerman & Kenneth A. Stagnari - Peapack Private Bank & Trust
• Borrower: Sollevare Group
• Broker: Max Ralby - Newmark
• Loan Type: Refinance

The deal was facilitated by the collaboration of key individuals and firms, including lenders Joseph E. Fingerman and Kenneth A. Stagnari from Peapack Private Bank & Trust, along with the borrower Sollevare Group, represented by broker Max Ralby from Newmark.