Jake Lapidot Of Cooper Horowitz Secures $2.25M Refinance Loan For Multifamily Asset In Long Island City

The property asset involved in this transaction is a multifamily building located at 42-77 Hunter Street in the Long Island City market. It encompasses a total area of 12,500 square feet and has a refinancing loan amount of $2,250,000, provided by Chase Bank.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $2,250,000
• Loan Type: Refinance
• Lender: Chase Bank
• Broker: Jake Lapidot - Cooper Horowitz

The deal was facilitated by broker Jake Lapidot, representing Cooper Horowitz, who played a key role in securing the refinancing loan for the transaction. The involvement of Chase Bank as the lender outlines the financial backing for this multifamily property in Long Island City.