Toronto-based balance sheet Lender, Owemanco, provides a $3,600,000 refinance for a multi-family project in Greenpoint

The loan amount of $3,600,000 was secured by a portfolio of three properties in Brooklyn, Queens, and Howell, New Jersey. The loan was provided by Sohail Zayona from owemanco''>Owemanco for a 12-month refinance, as part of a recapitalization strategy.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,600,000
• Lender: Sohail Zayona - Owemanco
• Landlord: Grzegorz Chronowski
• Address: 138 Huron Street & 60-75 Eliot Avenue
• Market: Brooklyn
• Loan Type: Recapitalization

Owemanco, a Toronto-based balance sheet bridge lender, facilitated the $3,600,000 loan for the properties listed in three different locations. Notably, two out of the three assets included in the portfolio are currently listed for sale, suggesting a strategic move by the landlord, Grzegorz Chronowski, to leverage the refinancing to potentially reallocate investments or capitalize on the market conditions.