Avi Yosopov Secures $4.38M Refinance Loan From Freddie Mac In Yonkers

The multifamily property located at 290 Woodworth Ave, 101 Oak St & 58 Chestnut St in Yonkers spans 20,000 square feet and comprises 19 units. The property was refinanced with a loan amount of $4,380,000 from Freddie Mac. The loan terms included a cash-out refinance, 5 years fixed term, interest-only payments, 321 prepayment option, and a rate lock at the letter of intent stage.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,380,000
• Market: Yonkers
• Loan Type: Refinance
• Lender: Freddie Mac
• Landlord: Avi Yosopov
• Broker: Abe Mann - Mann Capital Advisors

The transaction was facilitated by Abe Mann from Mann Capital Advisors, representing the landlord, Avi Yosopov, in securing the refinancing deal with Freddie Mac. The cash-out refinance provided financial flexibility to the landlord, backed by the asset's value and rental income potential of the 19-unit multifamily property in Yonkers.