JLL Brokers Refinance Loan For Multifamily Property In Williamsburg, Brooklyn

The property located at 53 Broadway in Williamsburg, Brooklyn is a multifamily asset comprising 74 units with a total square footage of 57,757. The recent transaction involved a loan amount of $27,000,000 for the purpose of refinancing, with Cathay Bank, Inc. acting as the lender. The brokers representing the deal were Steven Klein & Geoff Goldstein from JLL.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $27,000,000
• Address: 53 Broadway
• Market: Williamsburg, Brooklyn
• Asset Type: Multifamily
• Square Footage: 57,757
• Units: 74
• Lender: Cathay Bank, Inc.
• Brokers: Steven Klein & Geoff Goldstein - JLL
• Loan Type: Refinance

The collaboration on this transaction involved experienced professionals in the real estate industry. Steven Klein and Geoff Goldstein, representing JLL, played a crucial role in facilitating the refinancing deal for the multifamily property in Williamsburg, Brooklyn.