Emerald Creek Capital Provides $30 Million Refinance Loan For Lay Assets Multifamily In Midwood Brooklyn

The asset involved in the transaction is a multifamily property located at 1775 Coney Island Avenue in the Midwood Brooklyn market. The asset encompasses a total square footage of 57,653. The loan amount secured for refinancing this property is $30,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $30,000,000
• Address: 1775 Coney Island Avenue
• Market: Midwood Brooklyn
• Lender: Emerald Creek Capital
• Landlord: Lay Assets
• Broker: Dovid Ostrov - Meridian Capital Group
• Loan Type: Refinance

The transaction involves key individuals and firms including Emerald Creek Capital as the lender and Dovid Ostrov from Meridian Capital Group representing the landlord, Lay Assets, in the refinancing deal.