Apple Bank Provides $35 Million Refinance Loan For Union Square Multifamily Asset

The asset involved in this transaction is a multifamily property located in Union Square, encompassing a total square footage of 310,000 and consisting of 239 units. The loan amount secured for this property is $35,000,000, which has been classified as a refinance loan.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $35,000,000
• Market: Union Square
• Lender: Apple Bank
• Broker: Eliezer Finkel & Rael Gervis - Meridian Capital Group

In this transaction, Eliezer Finkel and Rael Gervis are the brokers representing the deal, facilitating the refinancing process for the multifamily asset. Their involvement highlights the brokerage aspect of this closed loan transaction.