Signature Bank Provides $37.5M Refinance Loan For Mixed-use Property In Brooklyn

A mixed-use property located at 500 Driggs Avenue in Brooklyn has recently undergone a refinancing transaction. The property is situated in a bustling market, making it an attractive investment opportunity.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $37,500,000
• Address: 500 Driggs Avenue
• Market: Brooklyn

The lender for this transaction was Signature Bank, with Joe Fingerman, Dino Venetsanakos, and Paul Kotronis representing the bank. The loan was used to refinance the property, providing the owner with a significant amount of capital to use for other purposes.

Isaac Filler, Yossi Koschitzki, and Elliot Levy from the Meridian Capital Group acted as brokers in this refinancing deal. Their expertise and experience in the market contributed to the successful completion of the transaction.