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Richie Zav Secures $3.8 Million Refinance Loan From FourLeaf Federal Credit Union For Multifamily Property

Property Image
FINANCED
$3,800,000

New York

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MultiFamily15,500 SF
Financed 11/01/2025
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Property Image
FINANCED

Richie Zav Secures $3.8 Million Refinance Loan From FourLeaf Federal Credit Union For Multifamily Property

2264 Atlantic Avenue

See Similar Deals
MultiFamily15,500 SF
Financed 11/01/2025
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$245
Total Square Footage:15,500 SF
Transaction Type:Loan

The property asset involved in the transaction is a multifamily unit located at 2264 Atlantic Avenue in the Brooklyn market. The asset spans a total square footage of 15,500 and comprises 10 units. The transaction involves a loan amount of $3,800,000 for refinancing purposes, with loan terms set at 5 years, plus a 5-year option to extend.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,800,000
  • Loan Type: Refinance
  • Loan Terms: 5 Year terms plus 5-year option to extend
  • Address: 2264 Atlantic Avenue
  • Market: Brooklyn
  • Asset Size: 15,500 SF
  • Units: 10
  • Lender: FourLeaf Federal Credit Union
  • Landlord: Richie Zav

Key individuals involved in the deal include the landlord Richie Zav and the lender FourLeaf Federal Credit Union. The transaction is structured as a refinance of an existing loan held by Richie Zav, which indicates a strategic financial maneuver for the landlord to optimize property investment and management.

Players

FourLeaf Federal Credit Union
FourLeaf Federal Credit Union
LENDER

Details

FINANCED
IMAGE: Richie Zav DATE: 11/1/2025 ADDRESS: 2264 Atlantic Avenue MARKET: Brooklyn ASSET TYPE: Multifamily ~ SF: 15,500 ~ UNITS: 10 LENDER: FourLeaf Federal Credit Union LANDLORD: Richie Zav (@RichieZav) LOAN AMOUNT: $3,800,000 LOAN TYPE: Refinance LOAN TERMS: 5 Year terms plus 5-year option to extend

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$3,800,000.00

Monthly NOI$25,333.33
Monthly Debt Service$24,018.58
Change in Cash Flow$0.00
Refinance Proceeds$0.00