Updated Dec 23, 2025
Bold Group Secures $8M Refinance Loan From Peapack Private Bank & Trust For Multifamily Property
212 East 14th Street
$8,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 7, 2025
About this deal
AI
The asset involved in this transaction is a multifamily property located at 212 East 14th Street in the East Village market. The transaction was executed as a refinancing, with a total loan amount of $8,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,000,000
- Lender: Joseph E. Fingerman & Kenneth A. Stagnari - Peapack Private Bank & Trust
- Landlord: Bold Group
- Landlord's Representative: Matthew Swerdlow & Michael Sellis - Ariel Property Advisors
- Loan Type: Refinance
- Date: 12/8/2025
This refinancing deal involved key representatives including Joseph E. Fingerman and Kenneth A. Stagnari as lenders. The landlord's interests were represented by Matthew Swerdlow and Michael Sellis, who are associated with Ariel Property Advisors, ensuring that both parties were adequately represented in the transaction.
On the Map
$8,000,000
MultiFamily
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New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93