Matthew M. Baron Of Baron Property Group Secures $43.5M Refinance Loan For Multifamily In Washington Heights

The property asset involved in this transaction is a multifamily building located at 4560 Broadway in Washington Heights, Manhattan, consisting of 71 units. The landlord is Matthew M. Baron, representing Baron Property Group. The refinancing involved a loan amount of $43,500,000, replacing a previous loan of $40,500,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $43,500,000
• Market: Washington Heights, Manhattan
• Lender: MF1 Capital
• Previous loan: $40,500,000 from Kriss Capital
• Landlord: Matthew M. Baron - Baron Property Group
• Units: 71

Key individuals involved in this transaction include Matthew M. Baron, who is affiliated with Baron Property Group, and MF1 Capital, the lender providing the refinancing for the property. This transaction reflects the strategic financial management of the landlord in upgrading their financing structure.