Located in the desirable Clinton Hill neighborhood of Brooklyn, the multifamily property at 215 Clinton Ave recently underwent a refinancing transaction. With an address that places it in the heart of the Clinton Hill market, this property has attracted attention from investors and lenders alike. The transaction was completed on February 25, 2019.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2.5M
• Loan Type: Refinance
• Landlord: Joseph Lucania, Riverside Realty Holdings
• Lender: Popular Bank
• Broker: Abe Mann, Progress Capital
• Market: Clinton Hill, BK

The refinancing deal was facilitated by Abe Mann of Progress Capital, who represented Joseph Lucania of Riverside Realty Holdings. Popular Bank provided the loan amount of $2.5 million to assist in the refinancing process. Both the landlord and the lender recognized the value of this well-located multifamily property and worked together to ensure a successful transaction.