Ridgewood Savings Bank Provides $1.1M Refinance Loan In Prospect Lefferts Gardens

The multifamily property located at 2535 Church Ave. in Prospect Lefferts Gardens has undergone a loan refinance deal. The property spans approximately 6,100 square feet and is owned by Rachel Surizon.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,100,000
• Loan Type: Refinance
• Loan Terms: $1,100,000 @ 3.75%; 7 years fixed; 30 year amortization
• Lender: Ridgewood Savings Bank
• Broker: Michael Volpe - Highcap Group

Ridgewood Savings Bank provided the loan for this refinance transaction. The loan amount of $1,100,000 carries an interest rate of 3.75%. The loan has a fixed term of 7 years and will be amortized over 30 years.