Freddie Mac Provides $59.03 Million Refinance Loan To The Daten Group For Clinton Hill Multifamily
540 Waverly Avenue
$59,026,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 12, 2026
AI
The property asset involved in this transaction is a multifamily unit located at 540 Waverly Avenue in Clinton Hill, Brooklyn. The lender for this transaction is Freddie Mac, and the loan type is a refinance amounting to $59,026,000.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $59,026,000
- Lender: Freddie Mac
- Landlord: The Daten Group
- Brokers: Robert Tonnessen, Michael Shmuely & Michael Mazzara - JLL
The deal involves key individuals and companies, where Robert Tonnessen, Michael Shmuely, and Michael Mazzara from JLL represent the landlord, The Daten Group, in this refinancing transaction.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93