Candor Capital Secures $19.5M Refinance Loan From Dwight Capital For 43-Unit Multifamily In Midwood Brooklyn

The asset involved is a multifamily property located at 1615 Cedar Avenue in Midwood, Brooklyn, consisting of 43 units. The loan amount secured for this newly built property is $19,500,000 and it is classified as a refinance loan.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $19,500,000
• Address: 1615 Cedar Avenue
• Market: Midwood, Brooklyn
• Lender: Adam Sasouness & Josh Sasouness - Dwight Capital
• Landlord: Charles Wurzberger - Candor Capital
• Loan Type: Refinance
• Units: 43

In this transaction, Candor Capital, through Cedar St 1613 Holdings LLC, facilitated the refinancing process for the newly constructed multifamily property. The deal was handled by Adam Sasouness and Josh Sasouness representing the lender, Dwight Capital.