Waldman Family Secures $8 Million Refinance Loan For 48-unit Multifamily Property In Central Harlem

The property asset involved in this transaction is a multifamily building located at 310 West 144th Street in Central Harlem. The building encompasses 16,561 square feet and consists of 48 units. The transaction has been facilitated through a refinance loan valued at $8,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,000,000
• Loan Type: Refinance
• Interest Rate: 6.25%
• Term: 5 + 5 year
• LTV: 70%
• Amortization: 30 years
• Borrower: Waldman Family
• Broker: Jacob Kassin - JOJA Capital

Jacob Kassin from JOJA Capital represents the Waldman Family in arranging this financing deal. JOJA Capital specializes in obtaining various types of debt for commercial and residential real estate owners as well as developers, delivering financing solutions effectively across multiple asset classes and deal sizes. Note from broker highlights the company's expertise in permanent debt, bridge loans, construction financing, and residential debt.