SMA Equities Secures $17.4M Refinance Loan For Lower East Side Multifamily

SMA Equities, led by Sassan Mahfar, secured two refinance loans totaling $17.4 million from Societe Generale for residential walkup buildings located at 305 Broome Street and 131 Orchard Street in Manhattan's Lower East Side. The properties are part of the multifamily asset type.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $17,400,000
• Address: 305 Broome Street & 131 Orchard Street
• Market: Lower East Side, Manhattan

Kevin Kelley of Societe Generale served as the lender for the refinance loans obtained by SMA Equities. As the landlord of the properties, Sassan Mahfar represented SMA Equities throughout the transaction.