Fred Wilpon & Saul B. Katz Secure $12.8M Loan From Valley National Bank For Multifamily Properties

The transaction involves four adjacent 10-unit residential properties located at 1378, 1380, 1382, and 1384 Bedford Avenue, situated in Crown Heights. The total square footage of the properties is 38,400, and the loan amount secured for this refinance deal is $12,800,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $12,800,000
• Address: 1378, 1380, 1382 & 1384 Bedford Avenue
• Market: Crown Heights
• Lender: Valley National Bank
• Landlord: Fred Wilpon & Saul B. Katz - Sterling Equities

Key individuals involved in the transaction include Fred Wilpon and Saul B. Katz of Sterling Equities, who are the landlords for the properties. The financing was arranged through Valley National Bank, ensuring the refinancing of these multifamily assets located in Brooklyn.