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540 Waverly Avenue

Freddie Mac Provides $59.03 Million Refinance Loan To The Daten Group For Clinton Hill Multifamily
FINANCEDMultiFamily

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:

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

Robert Tonnessen

JLL

Broker

$2.5B

vol

24 deals

Broker
JLL
JLLBrokerage
Freddie Mac
Freddie MacLender

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