Jacob Nefoussi | Meridian Capital Group Arranges $2.5M Purchase Loan For Multifamily Property In New York

The multifamily property located at 31-23 47th Street in New York was recently involved in a loan transaction. The property spans a total of 14,680 square feet and is owned by Tarek Alam.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,500,000
• Loan Type: Purchase

The loan for the property amounted to $2,500,000 and was used for the purchase of the asset. The transaction was facilitated by Jacob Nefoussi from Meridian Capital Group, who represented Tarek Alam throughout the deal.