LMF Commercial Provides $49 Million Refinance Loan For New York City Mixed-Use Portfolio

The asset involved in this transaction is a mixed-use property located in New York City, consisting of 209 residential units and 18,576 square feet of commercial space. The refinancing loan amount was $49,000,000, secured under CMBS terms for a duration of 5 years with a fixed term interest only structure. This property is part of a six-property multifamily portfolio.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $49,000,000
• Lender: LMF Commercial
• Loan Originator: Michael Muscatell
• Broker: Matthew Shatz - Shatz Capital
• Loan Terms: CMBS- 5 Year, FTIO

Michael Muscatell served as the loan originator for this refinancing deal, while Matthew Shatz represented the broker in the transaction. The loan was structured as a refinance for the multifamily portfolio within the New York City market.