Kahen Properties Secures $61.48 Million Refinance Loan From Freddie Mac For 310 East 2nd Street

The property asset involved in the transaction is located at 310 East 2nd Street - Adele in the Lower East Side, Manhattan. This multi-family asset encompasses 130,000 square feet and contains a total of 135 units, with a loan amount of $61,483,000 secured through refinancing with Freddie Mac.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $61,483,000
• Address: 310 East 2nd Street - Adele
• Market: Lower East Side, Manhattan
• Square Footage: 130,000
• Units: 135
• Lender: Freddie Mac
• Borrower: Kahen Properties - Majid Kahen & Alex Kahen
• Brokers: Michael Shmuely, Michael Zaremski & John Flynn - JLL
• Loan Type: Refinance

The key individuals and companies involved in the transaction include Kahen Properties, represented by Majid Kahen and Alex Kahen. The brokerage team that facilitated the deal consists of Michael Shmuely, Michael Zaremski, and John Flynn from JLL, ensuring a smooth refinancing process with Freddie Mac.