NYCB Provides $6.35M Refinance Loan For Mixed-Use Property In Brooklyn. Michael Helmreich & Avi Geller - Meridian Capital Group Brokers The Deal

A mixed-use property located at 641 President Street and 137 5th Avenue in Brooklyn has undergone a refinancing transaction. The loan was provided by NYCB in the amount of $6,350,000. The terms of the loan include a 5+5-year period with an interest rate of 3.375% and an amortization period of 30 years.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $6,350,000
• Loan Type: Refinance
• Loan Terms: 5+5 years
• Loan Rate: 3.375%
• Loan Amortization: 30 years

The transaction was facilitated by brokers Michael Helmreich and Avi Geller from Meridian Capital Group, who represented the parties involved in the deal.