Haven Savings Bank Provides $3.5M Loan For Multifamily Property In Bedford-Stuyvesant

A multifamily property located at 305 Sumpter Street in Bedford-Stuyvesant has recently been involved in a closed transaction. The property, owned by Asa Hammes, was part of a loan arrangement provided by Haven Savings Bank. The loan amount for this transaction was $3,525,000, with the terms being a 5-year fixed rate and 2 years interest only. The property is situated in a thriving market, making it a valuable asset in the area.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,525,000
• Address: 305 Sumpter Street
• Market: Bedford-Stuyvesant
• Lender: Haven Savings Bank
• Landlord: Asa Hammes
• Brokers: Brian Anderson & Eddie Miro - Progress Capital
• Loan Terms: 5-Year Fixed Rate, 2-Years Interest Only

The deal was facilitated by brokers Brian Anderson and Eddie Miro from Progress Capital. Their expertise and negotiation skills were vital in ensuring the successful conclusion of the transaction. The involvement of these professionals highlights their role in representing the parties involved in the deal and their contribution to its overall success.