First Republic Bank Provides $3.1M Refinance Loan For Brooklyn Multifamily Property

The property involved in this closed transaction is a multifamily building located at 216 Bainbridge in Brooklyn, NY. The property consists of 8 units.

Summary of transaction details:

• Property Type: Multifamily
• Loan Amount: $3,100,000
• Loan Type: Refinance
• Lender: First Republic Bank
• Landlord: Solomon Equities - Paul Matalon
• Brokers: David Oheb & Max Jacobson - Meridian Capital Group

The loan was provided by First Republic Bank for the amount of $3,100,000. The purpose of the loan was to refinance the property. Solomon Equities, represented by Paul Matalon, acted as the landlord in this transaction. The brokers involved in the deal were David Oheb and Max Jacobson from Meridian Capital Group.

Note: Meridian Capital Group is America's most active real estate finance & advisory firm, having closed over $55 billion in financing in 2021 across various property types. They represent many leading real estate investors and developers.

For more information on how Meridian can add value to your portfolio, please contact David Oheb at 212-612-0193 or [email protected].