Conway Capital Refinances East Village Multifamily Property For $3.8M

Located at 506 East 6th Street in the East Village, this multifamily property is a significant asset in the market. With a total square footage of 6,390, it consists of 14 units, offering ample space for residents.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,800,000
• Address: 506 East 6th Street
• Market: East Village
• Loan Type: Refinance
• Loan Terms: CMBS, 10-year, Full Term IO

LMF Commercial (A Lennar Co.) served as the lender for this transaction, providing a loan amount of $3,800,000. The loan was secured by Conway Capital, represented by Abe Cohen as the landlord. The brokers involved in the deal were Jonathan Singer from Strategic Funding Corp. and Robert Tobias from RJT Capital Partners.