Self Reliance Federal Credit Union Provides $5,850,000 Refinance Loan For Brooklyn Multi-Family Asset

The property involved in this transaction is a multi-family asset situated at 477 Central Avenue, located in Brooklyn. The loan amount secured for this property is $5,850,000, associated with a refinance loan type. The property is identified as a recently completed Class A multifamily asset.

This transaction involved Brian Flax, Dovi Levy, and Jason Bogopulsky from Meridian Capital Group, who successfully secured competitive permanent financing for the developer. They delivered meaningful cash-out proceeds and reduced the borrower’s cost of debt, thereby allowing for further expansion of the developer's footprint across the city.