Moses Karpen Secures $12.3M Refinance Loan From Parke Bank For Williamsburg Multifamily At 141 Ross Street

A multifamily property located at 141 Ross Street in Williamsburg, Brooklyn, consists of 17 units across a total square footage of 20,800. Recently, this property underwent a refinancing process with a loan amount of $12,300,000 from Parke Bank, replacing previous debt from BridgeCity Capital.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $12,300,000
• Address: 141 Ross Street
• Market: Williamsburg, Brooklyn
• Lender: Parke Bank
• Landlord: Moses Karpen
• Loan Type: Refinance

Moses Karpen is identified as the landlord for the property, actively engaging in this refinancing transaction with Parke Bank to manage financial obligations related to his multifamily asset.