Ridgewood Savings Bank Provides $5.95M Refinance Loan For Multifamily Property In Westchester County

Located at 18 Harmon St. in Westchester County, this multifamily property is a hidden gem. With a total area of 1,000 square feet, it is home to 25 units, providing ample space for residents. The property was recently involved in a closed transaction, which took place on April 28th, 2022.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $5,950,000
• Loan Amount: $5,950,000
• Loan Type: Refinance
• Loan Terms: 3.25% 5+5
• Lender: Ridgewood Savings Bank
• Broker: Vincent Coratolo - Coratolo Associates LLC
• Instagram: @coratolo_associates

Ridgewood Savings Bank provided the loan for this transaction, which amounted to $5,950,000. The loan type was a refinance, and it had favorable terms of 3.25% for a 10-year period. Vincent Coratolo, representing Coratolo Associates LLC, played a key role as the broker in this deal, ensuring a smooth process for all parties involved.

If you're interested in a no-obligation quote for your own property transaction, give Coratolo Associates a call today at (914) 681-1300. Don't forget to follow them on Instagram for industry updates and more at @coratolo_associates.