Slate Property Group And Avenue Realty Capital Secures $64 Million Refinance Loan In Brooklyn

The property asset involved in this transaction is a MultiFamily building located at 159 Boerum Street in the Brooklyn market. It encompasses 87,237 square feet and consists of 162 units. The refinancing loan obtained amounts to $64,000,000.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $64,000,000
• Loan Type: Refinance
• Lender: Starwood Capital Group
• Landlord: Slate Property Group & Avenue Realty Capital
• Brokers: Daniel Fromm & Jordan Roeschlaub - Newmark

The transaction involves key individuals such as Daniel Fromm and Jordan Roeschlaub, who represent the brokers in this deal under Newmark. The landlords are Slate Property Group and Avenue Realty Capital, who are involved in managing the property asset.