Florentina Paunescu Secures $1,209,000 Refinance Loan For Multifamily Property In Astoria

The property involved in this transaction is a MultiFamily asset located at 30-78 44th Street in Astoria, featuring a total square footage of 5,262 and comprising 6 units. The loan for this asset amounts to $1,209,000 and is classified as a refinance with terms set for 30 years fixed, including a 10-year interest-only period.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $1,209,000
• Square Footage: 5,262
• Units: 6
• Address: 30-78 44th Street
• Market: Astoria
• Lender: SM Capital, Inc. & Oaktreet Funding Corp
• Landlord: Florentina Paunescu
• Lender's Representative: Max Ozkural - SM Capital
• Loan Type: Refinance
• Loan Terms: 30 years fixed with 10-year I/O

The key individuals involved in this transaction include the landlord Florentina Paunescu and the lenders SM Capital, Inc. and Oaktreet Funding Corp. The lender's representative for the deal is Max Ozkural from SM Capital, overseeing the financing arrangement for the landlord.