JP Morgan Chase Provides $2.5M Refinance Loan For Prospect Park South Multifamily Property

The asset involved in this transaction is a multifamily property located at 39-49 & 51-61 East 17th Street in the Brooklyn - Prospect Park South market. The property consists of rent-stabilized units and has undergone a refinancing transaction totaling $2,500,000. The loan is structured as a 5-year term with rollover options at an interest rate of 5.59%, and it is classified as non-recourse.

Summary of transaction details:

• Property Type: Multifamily – Rent Stabilized Units
• Transaction Amount: $2,500,000
• Loan Type: Refinance
• Loan Terms: 5-year with rollover options, 5.59%, non-recourse
• Lender: JP Morgan Chase
• Broker Representatives: Allan Lieberman & Jason Bogopulsky - Meridian Capital Group
• Date: 1/29/2026

In this transaction, the key individuals involved are Allan Lieberman and Jason Bogopulsky, who represent the brokerage firm Meridian Capital Group. Their role in facilitating this refinancing process highlights the important contribution of brokerage expertise to such financial arrangements in the multifamily property market.