Penn South Capital's Parag Sawhney & Reymond Chera Refinance Multifamily Property On East 7th Street With $10.1M Loan From KeyBank Real Estate Capital

The property involved in this transaction is located at 164-166 East 7th Street in New York City. It is a multifamily asset owned by Penn South Capital, represented by Parag Sawhney and Reymond Chera. The property was refinanced with a loan amount of $10,075,000 from KeyBank Real Estate Capital. The loan is a 5-year term with full-term interest-only payment.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $10,075,000
• Address: 164-166 East 7th Street, New York City
• Market: New York City
• Landlord: Penn South Capital - Parag Sawhney & Reymond Chera
• Lender: KeyBank Real Estate Capital
• Broker: Ben Jacobs - Meridian Capital Group
• Loan Type: Refinance
• Loan Term: 5-Year Term, Full-Term Interest Only

The broker for this transaction is Ben Jacobs from Meridian Capital Group. Meridian Capital Group is America's most active real estate finance and advisory firm. For further information on how Meridian can add value to your portfolio, please contact Ben Jacobs at 212-612-0202 or [email protected].