Two multifamily properties located at 324 Palisade Ave. and 264 Palisade Ave. in Yonkers have undergone a refinance loan transaction. The loan amount for this deal is $7,400,000, and it was executed at a 75% loan-to-value ratio. The loan is of the refinance type and comes with a fixed rate for ten years. The amortization period spans across thirty years.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $7,400,000
• Address: 324 Palisade Ave. & 264 Palisade Ave., Yonkers
• Market: Yonkers
• Landlord: Brian Soto
• Broker: Edward McCarthy - Redwood Capital Advisors

The deal's broker representative, Edward McCarthy from Redwood Capital Advisors, played a key role in facilitating this transaction. The properties were refinanced, allowing the landlord, Brian Soto, to take advantage of favorable terms and secure a 10-year fixed rate loan with a 30-year amortization period.