Sutman Holdings Secures $1.38M Refinance Loan From Castling Capital Group For Brooklyn Multifamily

The property involved in this loan transaction is a multifamily asset located at 24 Clara Street in Brooklyn. The loan amount secured for this asset is $1,380,000 as part of a refinancing effort with a loan type offering a 6.4% interest rate over a term of 10 years with interest-only payments.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,380,000
• Lender: Castling Capital Group - Pinchus Schwartz
• Landlord: Sutman Holdings
• Loan Terms: 6.4% Rate, 10 Years IO

This transaction involves Castling Capital Group, represented by Pinchus Schwartz, providing financing through a refinancing loan to Sutman Holdings, the landlord of the property. Castling Capital specializes in bridge and 30-year DSCR loans nationwide, reflecting their capability to structure deals tailored for various property needs.