Joel Schwartz's 2815 Atlantic Holdings LLC Refinances 68-Unit Residential Building In Cypress Hills, Brooklyn For $27.4M With Cathay Bank | 2817 Atlantic Avenue | Cathay Bank | MultiFamily | Loan

Summary

Loan

NEW YORK

MultiFamily

64,322 sqft

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.

Players

All
1

Lenders
1

Cathay Bank

Details

Deal Summary

FINANCED

IMAGE: 07/06/2023 ADDRESS: 2817 Atlantic Avenue MARKET: Cypress Hills, Brooklyn ASSET TYPE: MultiFamily ~ SF: 64,322 LENDER: Cathay Bank - Peggy Chan & Jacky Yuan LANDLORD: Joel Schwartz LOAN AMOUNT: $27,440,000 LOAN TYPE: Refinance NOTE: Joel Schwartz's 2815 Atlantic Holdings LLC secured a refi loan valued at $27.4 million from Cathay Bank for the 68-unit residential elevator building at 2817 Atlantic Avenue in Cypress Hills, Brooklyn.

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Address2817 Atlantic Avenue

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