Brookfield Asset Management And Tredway Secure $59.8 Million Refinance Loan From Freddie Mac

The asset involved in this transaction consists of multifamily properties located at 3385 Neptune Avenue and 3521 Neptune Avenue in the Coney Island market of Brooklyn. The total loan amount secured for these properties is $59,800,000, classified as a refinance loan.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $59,800,000
• Lender: Freddie Mac
• Landlord: Bruce Flatt - Brookfield Asset Management & Will Blodgett - Tredway

Both Bruce Flatt and Will Blodgett have acquired stakes in the two Pembroke-owned Coney Island rentals, facilitating the refinance loans from Freddie Mac as part of this transaction.