Ridgewood Savings Bank Provides $25.5M Refinance Loan For Multifamily Property In Flushing

A multifamily property located at 142-01 41st Avenue & 142-19 Barclay Avenue in Flushing has been refinanced. The property spans approximately 155,643 square feet.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $25,500,000
• Loan Type: Refinance
• Loan Terms: 10 Year

The lender for this refinancing transaction is Ridgewood Savings Bank, while Steve Krumholz is the landlord. Acting on behalf of the parties involved, Adam L. Kaplan, Esq. from GCP Capital Group facilitated the deal.

Note from broker: "Lawyers Do It Better!"

Contact Adam L. Kaplan, Esq., Managing Director at GCP Capital Group, LLC for further information. He can be reached at (516) 487-5900, Ext 138 or [email protected].