Twin Group Associates Secures $63M Refinance Loan From MF1 Capital For 150 Lawrence Street

The property asset involved in the transaction is a multifamily building located at 150 Lawrence Street in Downtown Brooklyn. It encompasses a total square footage of 94,435 and includes 110 units. The loan amount for this asset is $63,000,000, secured through refinancing.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $63,000,000
• Address: 150 Lawrence Street
• Market: Downtown Brooklyn
• Lender: MF1 Capital
• Landlord: Solomon Schwimmer - Twin Group Associates
• Loan Type: Refinance

The refinancing of the building at 150 Lawrence Street was orchestrated by Twin Group Associates, replacing prior debt from Ponce Bank and EastAlliance. The lender involved in this transaction, MF1 Capital, facilitated the loan for the landlord, Solomon Schwimmer.