Hudson Companies Secures $39.25M Recapitalization Loan For Williamsburg Multifamily

The multifamily property located at 125 Metropolitan Avenue in Williamsburg, Brooklyn has undergone a recapitalization loan transaction. The loan amount for this transaction was $39,250,000. The property is owned by David Kramer of Hudson Companies. The lenders involved in this deal were Voya Financing and Marc Mechanic of Meadow Partners. The brokers who facilitated the transaction were Dustin Stolly, Jordan Roeschlaub, Daniel Fromm, Brett Siegel, Jean Celestin, and William Lee of Newmark.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $39,250,000
• Address: 125 Metropolitan Avenue
• Market: Williamsburg, Brooklyn

The key individuals involved in this deal include David Kramer as the landlord, and Voya Financing, Marc Mechanic, and Meadow Partners as the lenders. The brokers from Newmark, namely Dustin Stolly, Jordan Roeschlaub, Daniel Fromm, Brett Siegel, Jean Celestin, and William Lee, played a crucial role in facilitating this transaction.