Peter Hungerford & Ari Goldstein Secure $5.5M Refinance Loan For Panorama Trail Multifamily Property With CoreVest Finance

The multifamily property located at 520 Panorama Trail in Penfield was recently involved in a loan transaction. The property spans approximately 40,000 square feet and comprises 41 units. The loan, which took place on April 22, 2022, was a refinance.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,500,000
• Address: 520 Panorama Trail, Penfield
• Market: Penfield
• Square footage: 40,000
• Units: 41

The lender involved in this transaction was CoreVest Finance. The landlords, Peter Hungerford and Ari Goldstein, secured this loan. The broker representing them in the deal was Nate Hyman from Polaris Funding.

In addition to the loan details, it is worth noting that the landlords were able to return 91% of their invested equity through this refinance. This impressive return was achieved just 14 months after the property's acquisition.