Meridian Capital Group Arranges $3.5M Refinance Loan For Multifamily In Lenox Hill

The multifamily property located at 17 East 70th Street in Lenox Hill, Manhattan, spans 12,075 square feet and consists of 13 units. The property was refinanced with a loan amount of $3,500,000 provided by Citizens Bank. Bobby Adjmi of A&H Acquisitions is the landlord of this property, while the brokerage representation was handled by Ezra Sutton and Chaim Tessler from Meridian Capital Group.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,500,000
• Market: Lenox Hill, Manhattan
• Lender: Citizens Bank
• Landlord: Bobby Adjmi - A&H Acquisitions
• Broker: Ezra Sutton & Chaim Tessler - Meridian Capital Group

Chaim Tessler and Ezra Sutton were the brokers from Meridian Capital Group who facilitated the deal, ensuring a successful refinancing of the multifamily property. The collaboration between the landlord, Bobby Adjmi, and the lender, Citizens Bank, further highlights the key players who were instrumental in the transaction.