Fannie Mae Provides $22M Refinance Loan For Multifamily Property In Croton-On-Hudson

The property involved in this closed transaction is a multifamily asset located at 2-T Skytop Drive in Croton-On-Hudson. The property consists of 524 units and is situated in the market of Croton-On-Hudson.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $22,000,000
• Date: 08/12/2022
• Address: 2-T Skytop Drive, Croton-On-Hudson
• Market: Croton-On-Hudson
• Units: 524

The loan for this transaction was provided by Fannie Mae. The loan amount was $22,000,000, and it was a refinance loan. The loan terms included a 10-year term and a 30-year amortization.

The broker involved in this deal was Robert Ranieri from Northmarq, representing the buyer. Robert Ranieri acted as the buyer's representative in this transaction.