Avi Philipson Of Graph Group Refinances Nine Multifamily Walkups In Bushwick For $15 Million

The property involved in the transaction is a multifamily asset located at 1012 Willoughby Avenue, 300 Troutman Street, and 226 Troutman Street in the Bushwick market of Brooklyn. The asset encompasses a building size of 55,814 square feet and has a total square footage of 39,038. The loan amount for this refinance transaction is $15 million.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $15,000,000
• Lender: Popular Bank
• Landlord: Avi Philipson - Graph Group
• Previous Loan Amount: $19,500,000

Avi Philipson represents Graph Group in the refinancing of nine residential walkups totaling 54 units, securing a new loan to replace existing debt from the same lender, Popular Bank.