Bank Of China Provides $42 Million Refinance Loan For Multifamily Asset In Woodside

The transaction involved a multifamily asset located on 52nd Street in the Woodside market. The loan amount secured for this property was $42,000,000, and it was categorized as a refinance loan.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $42,000,000
• Lender: Bank of China
• Landlord's Representative: Morris Betesh, Omar Ferreira, Jacob Petrovic & Jonah Schultz - Arrow Real Estate Advisors
• Loan Type: Refinance

The key individuals involved in this transaction included representatives from Arrow Real Estate Advisors, who facilitated the refinance process on behalf of the landlord. The team comprised Morris Betesh, Omar Ferreira, Jacob Petrovic, and Jonah Schultz, who played a pivotal role in securing the financing from the lender.