Albert Dweck's Duke Properties Refinances Brooklyn Multifamily With Loan From Sabal Financial

The asset involved in this transaction is a multifamily property located at 393 Bleecker Street and 1821 Putnam Avenue, Brooklyn, NY. The transaction amount reached $3,970,000 with a loan to value ratio of 80%. The property encompasses a total square footage of 11,000 square feet. The fixed interest rate for this loan is set at 3.74% for a duration of five years.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,970,000
• Address: 393 Bleecker Street / 1821 Putnam Avenue, Brooklyn, NY
• Loan Amount: $3,970,000
• Rate: 3.74% Fixed for 5 Years
• Loan to Value: 80%
• Square Footage: 11,000 sf
• Landlord: Albert Dweck, Duke Properties
• Brokers: Brad Domenico, Partner Progress Capital
• Lender: John Darrow, Sabal Financial

In this transaction, Albert Dweck represents Duke Properties as the landlord, while Brad Domenico acts as the broker, partnering with Progress Capital. The financing for the deal is facilitated by John Darrow from Sabal Financial.