Signature Bank Refinances Multifamily Property In Williamsburg For $8M

Located at 188 South 3rd Street in Williamsburg, this multifamily property is a lucrative investment opportunity. With 41 units and a total area of 29,838 square feet, this property offers immense potential in the thriving Williamsburg market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $8,000,000
• Loan Type: Refinance

In this transaction, Signature Bank, represented by Kenneth Stagnari, served as the lender for the refinance loan. The loan amount of $8,000,000 enables the current landlord, Israel Friedman, to capitalize on the property's value and pave the way for future growth.