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Jeremy Scherr & Sam Friedman Of The Gora Group Secure $10.6M Refinance Loan In Brooklyn

Property Image
FINANCED
$10,600,000
Luke Lopez

New York

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Mixed-use18,619 SF
Financed 06/26/2025
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Property Image
FINANCED

Jeremy Scherr & Sam Friedman Of The Gora Group Secure $10.6M Refinance Loan In Brooklyn

347 Berry Street

See Similar Deals
Mixed-use18,619 SF
Financed 06/26/2025
Luke Lopez
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$569
Total Square Footage:18,619 SF
Transaction Type:Loan

The property asset involved in this transaction is a mixed-use building located at 347 Berry Street in Brooklyn, encompassing a total square footage of 18,619. The loan amount secured for this asset is $10,600,000 through a refinance arrangement.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $10,600,000
  • Lender: Amalgamated Bank
  • Landlord: Jeremy Scherr & Sam Friedman - The Gora Group
  • Brokers: Jonathan Aghravi & Luke Lopez - JBA Equities
  • Date of Transaction: 6/26/2025

This transaction involved key individuals including Jeremy Scherr and Sam Friedman who represent the landlord through their company, The Gora Group. The brokers, Jonathan Aghravi and Luke Lopez, facilitated the deal under JBA Equities, ensuring all necessary arrangements were made for the refinancing process.

Players

Jonathan Aghravi
48 deals$1.6B volume(212) 366-0364
BROKER

Luke Lopez
JBA Equities
3 deals$66.7M volume
BROKER

JBA Equities
BROKERAGE

Details

FINANCED
IMAGE: Jonathan Aghravi, Luke Lopez, Jeremy Scherr & Sam Friedman DATE: 6/26/2025 ADDRESS: 347 Berry Street MARKET: Brooklyn ASSET TYPE: Mixed-use ~ SF: 18,619 LENDER: Amalgamated Bank (@Amalgamated_Bank) LANDLORD: Jeremy Scherr & Sam Friedman - The Gora Group BROKERS: Jonathan Aghravi (@JonnyAghravi) & Luke Lopez - JBA Equities (@JBAEquitiesLLC) LOAN AMOUNT: $10,600,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$10,600,000.00

Monthly NOI$70,666.67
Monthly Debt Service$66,999.21
Change in Cash Flow$0.00
Refinance Proceeds$0.00