Joel Schwartz's 2815 Atlantic Holdings LLC Refinances 68-Unit Residential Building In Cypress Hills, Brooklyn For $27.4M With Cathay Bank

Joel Schwartz's 2815 Atlantic Holdings LLC has secured a refinancing loan worth $27.4 million from Cathay Bank for the 68-unit residential elevator building located at 2817 Atlantic Avenue in Cypress Hills, Brooklyn. This multi-family property spans 64,322 square feet and is situated in the vibrant market of Cypress Hills, Brooklyn.

Summary of transaction details

• Property Type: MultiFamily
• Transaction Amount: $27,440,000
• Address: 2817 Atlantic Avenue
• Market: Cypress Hills, Brooklyn
• Lender: Cathay Bank
• Lender Representatives: Peggy Chan & Jacky Yuan
• Landlord: Joel Schwartz

Cathay Bank, represented by Peggy Chan and Jacky Yuan, facilitated the refinance loan for 2815 Atlantic Holdings LLC. The loan allows Joel Schwartz and his company to continue investing in and managing the 68-unit residential elevator building in Cypress Hills, Brooklyn.