FINANCED
New York Community Bank Provides $2.8M Refinance Loan For 12-Unit Multifamily Property In East Village
423 East 12th Street
MultiFamily
Financed 1 year ago
Summary
Loan
NEW YORK
MultiFamily
A multifamily property located at 423 E. 12th St. in the East Village has recently undergone a refinancing transaction. The property spans approximately 7,100 square feet and comprises 12 units. The asset, owned by landlord Adam Macagna, was involved in the deal.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,800,000
- Loan Type: Refinance
- Loan Terms: 7 years fixed at 3.75%; 30-year
The lender, New York Community Bank, provided a loan of $2,800,000 for the refinancing. Highcap Group, represented by broker Michael Volpe, facilitated the deal between the borrower and the lender.
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Details
FINANCED
IMAGE: Michael Volpe
DATE: 07/14/2022
ADDRESS: 423 E. 12th St.
MARKET: East Village
ASSET TYPE: Multifamily ~ SF: 7,100 ~ UNITS: 12
LENDER: New York Community Bank
LANDLORD: Adam Macagna
BROKER: Michael Volpe (@VolpeMV14) - Highcap Group (@Highcap_Group)
LOAN AMOUNT: $2,800,000
LOAN TYPE: Refinance
LOAN TERMS: 7 years fixed at 3.75%; 30 yearView on map
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Address423 East 12th Street
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