Rigas Family Secures $50 Million Refinance Loan From Jake Soodek For Multifamily Asset In Brooklyn

263 Prospect Avenue, located in Brooklyn, is a multifamily property consisting of 144 units. The refinancing loan associated with this asset amounts to $50,000,000. The loan is further secured by seven industrial buildings situated throughout Sunset Park, Brooklyn.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $50,000,000
• Lender: Jake Soodek - Hirshmark Capital
• Landlord: Rigas Family
• Landlord's Representative: Gregory Vassilakos
• Loan Type: Refinance

The refinance transaction involves key individuals, including Jake Soodek representing the lending side and Gregory Vassilakos acting on behalf of the Rigas Family as the landlord’s representative, facilitating the loan process and securing the necessary financing.