Prosper Property Group Refinances Multifamily Property In New York City With $13.25M Loan From Valley Bank

The multifamily property located at 282 Grand Street in New York City has recently undergone a refinancing transaction. The property spans approximately 23,000 square feet and is owned by Prosper Property Group, represented by Eddie Bender and Damien Smith. The deal was facilitated by broker Michael Lee from HKS Real Estate Advisors. The loan for this transaction was provided by Valley Bank, with a total amount of $13,250,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $13,250,000
• Address: 282 Grand Street
• Market: New York City
• Landlord: Prosper Property Group - Eddie Bender & Damien Smith
• Broker: Michael Lee - HKS Real Estate Advisors

This refinancing deal allowed Prosper Property Group to leverage the value of their multifamily property at 282 Grand Street in New York City. The transaction was successfully facilitated by broker Michael Lee from HKS Real Estate Advisors and financed by Valley Bank, providing a loan amount of $13,250,000. The property, spanning approximately 23,000 square feet, is owned by Eddie Bender and Damien Smith, representing Prosper Property Group.