The property involved in this transaction is a multifamily asset located on Greene Avenue in Bed-Stuy, Brooklyn. It features a total square footage of 4,535 and comprises 6 units. The loan amount secured for this refinancing was $1,760,000, with a fixed rate of 6.15% at application and a sliding scale prepayment penalty attached to the cash-out refinance.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,760,000
• Loan Type: Refinance
• Loan Terms: Fixed Rate at Application, 6.15%, Cashout Refinance, Sliding Scale Prepayment Penalty
• Broker: Allan Lieberman - Meridian Capital Group
• Date of Transaction: 08/26/2024
• Address: Greene Avenue, Bed-Stuy, Brooklyn
• Square Footage: 4,535
• Units: 6

Allan Lieberman, with Meridian Capital Group, represented the refinancing of this multifamily property, emphasizing the company's commitment to finding solutions and ensuring the successful closing of the transaction.