United Management Corp Refinances 49-Unit Residential Building In Crown Heights With $20M Loan From Truist Bank | 1 Sullivan Place | Truist Bank | MultiFamily | Loan

Summary

Loan

NEW YORK

MultiFamily

52,670 sqft

United Management Corp has successfully finalized a $20 million refinance loan with Truist Bank for a 49-unit residential elevator building located at 1 Sullivan Place in Crown Heights, Brooklyn. The multi-family property spans approximately 52,670 square feet and consists of 49 residential units.

Summary of transaction details:

Property Type: MultiFamily
Transaction Amount: $20,000,000
Address: 1 Sullivan Place, Crown Heights, Brooklyn
Market: Crown Heights, Brooklyn
Lender: Truist Bank - Christopher Smulski
Landlord: United Management Corp - Arthur Wiener

Christopher Smulski, representing Truist Bank, facilitated the loan for this property. Arthur Wiener, representing United Management Corp, oversaw the refinancing process. The transaction marks a significant milestone in the financial history of this multi-family property in Crown Heights, Brooklyn.

Players

All
1

Lenders
1

Truist Bank

Details

Deal Summary

FINANCED

IMAGE: 06/30/2023 ADDRESS: 1 Sullivan Place MARKET: Crown Heights, Brooklyn ASSET TYPE: MultiFamily ~ SF: 52,670 ~ UNITS: 49 LENDER: Truist Bank - Christopher Smulski LANDLORD: United Management Corp - Arthur Wiener LOAN AMOUNT: $20,000,000 LOAN TYPE: Refinance NOTE: United Management Corp finalized a $20 million refinance loan with Truist Bank for a 49-unit residential elevator building located at 1 Sullivan Place in Crown Heights, Brooklyn.

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Address1 Sullivan Place

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