Sollevare Group Secures $2,300,000 Refinance Loan From Modern Bank For 319 Court Street

The property asset involved in this transaction is a mixed-use building located at 319 Court Street in Brooklyn. The asset encompasses a total of 3,400 square feet and consists of four units, which include two commercial spaces and two residential units. The loan amount for this transaction is $2,300,000, and it is classified as a refinance. The landlord of the property is Sollevare Group, who originally purchased the asset for $2,400,000 on January 23, 2025.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $2,300,000
• Lender: Modern Bank
• Landlord: Sollevare Group
• Broker: Max Ralby - Newmark
• Loan Type: Refinance
• Units: 4 (2 Commercial & 2 Residential)
• Market: Brooklyn
• Cash out refinance

This transaction highlights the involvement of Max Ralby from Newmark, who represents Sollevare Group in securing the refinancing deal. This process allows Sollevare Group to leverage the property's equity established through their previous purchase.