National Equity Fund Refinances Iris Holdings Group Multifamily Property In Staten Island For $27.5M

A multifamily property located at 100 Belmont Pl. in Staten Island recently underwent a loan refinancing transaction. The property spans approximately 130,000 square feet and comprises 115 units. The landlord of this property is Iris Holdings Group. The loan was facilitated by National Equity Fund, with David Martin representing the lender in the deal.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $27,457,000
• Address: 100 Belmont Pl.
• Market: Staten Island
• Square Footage: 130,000
• Units: 115

This refinancing deal was made possible through National Equity Fund, with David Martin serving as their representative. The lender provided a loan amount of $27,457,000 to facilitate this transaction. Through this refinancing, the property owners were able to secure favorable loan terms for their multifamily asset.