Ariel Forman & Chaim Tessler Of Meridian Capital Group Provide $5.5 Million Refinance Loan In Brooklyn

The property asset involved in the transaction is a multifamily building located at 1777 Ocean Parkway in Brooklyn. It encompasses a total area of 69,960 square feet and consists of 72 units. The transaction features a loan amount of $5,500,000 with the loan type categorized as refinance.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,500,000
• Address: 1777 Ocean Parkway
• Market: Brooklyn
• Square Footage: 69,960
• Units: 72
• Loan Type: Refinance

The deal involved brokers Ariel Forman and Chaim Tessler from Meridian Capital Group, representing the financial interests related to the transaction. Their roles were pivotal in facilitating the refinance of the property and ensuring the loan's successful arrangement.