Signature Bank Refinances Multifamily Property In East Village, Manhattan For $22.5M

An East Village multifamily property located at 127, 129, and 131 2nd Avenue has recently undergone a refinancing loan transaction. The property spans approximately 42,310 square feet and is owned by Jonis Realty, represented by Joshua D. Halegua. The loan, provided by Signature Bank and facilitated by Mark Kraehling, amounted to $22,500,000.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $22,500,000
• Address: 127, 129 & 131 2nd Avenue
• Market: East Village, Manhattan
• Loan Type: Refinance

In this transaction, Jonis Realty, headed by Joshua D. Halegua, secured a refinancing loan of $22,500,000 for their multifamily property located in the vibrant East Village neighborhood in Manhattan. The loan was provided by Signature Bank, with Mark Kraehling representing the bank in the deal.