Unicorn Properties Group Secures $13.3 Million Refinance Loan From J.P. Morgan Chase

The transaction involves two multifamily residential buildings located at 388 Vernon Avenue and 825 Willoughby Avenue in the Bedford-Stuyvesant market of Brooklyn. Unicorn Properties Group has refinanced these properties with a loan amount of $13,300,000 from J.P. Morgan Chase.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $13,300,000
• Lender: J.P. Morgan Chase
• Landlord: Unicorn Properties Group
• Loan Type: Refinance
• Loan Date: 07/17/2025
• Location: 388 Vernon Avenue & 825 Willoughby Avenue, Bedford Stuyvesant, Brooklyn

The refinancing transaction was facilitated by Unicorn Properties Group, which is actively managing the two residential buildings involved in this deal. J.P. Morgan Chase provided the financial backing necessary to complete this refinance, marking a significant development for the landlord.