Customers Bank Provides $39M Refinance Loan For Multifamily Buildings In Sunset Park

The multifamily property located at 4710 7th Avenue, 4714 7th Avenue, and 874 43rd Street in Sunset Park has undergone a loan refinancing transaction. The property spans a total square footage of 165,497, making it a significant asset in the market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $39,000,000
• Loan Type: Refinance
• Lender: Customers Bank
• Landlord: Jack Geula
• Date: 08/10/2022

The loan refinancing for this multifamily property was facilitated by Customers Bank. Representing the landlord, Jack Geula played a vital role in the transaction. The refinancing loan amount was $39,000,000, further bolstering the financial stability of the property.