Elichai Pariente Of EMP Capital Group Refinances Multifamily Buildings In Crown Heights For $140M

The asset involved in this transaction is a multifamily property located at 1034-1042 Atlantic Avenue & 1035 Pacific Street in the Crown Heights market of Brooklyn. The total square footage of the property is 206,692, comprising 474 residential units. This transaction involved a refinance amounting to $140,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $140,000,000
• Loan Type: Refinance
• Lender: Dennis Lopez - QuadReal Property Group
• Landlord: Elichai Pariente - EMP Capital Group
• Prior Debt Amount: $109,000,000

Key individuals in this deal include Dennis Lopez, representing QuadReal Property Group as the lender, and Elichai Pariente, who represents EMP Capital Group as the landlord. The transaction facilitated the refinancing of two residential buildings totaling 474 units in Crown Heights, Brooklyn.