Savoy Bank Provides $1.41M Loan For Multifamily Property In Stuyvesant Heights, Brooklyn

Located in Stuyvesant Heights, Brooklyn, the multifamily property at 568 Jefferson Avenue has recently closed in a transaction. The deal, which took place on 05/17/2021, involved a loan from Savoy Bank for an amount of $1,410,000. The loan term is set at 18 months with interest-only payments.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,410,000
• Lender: Savoy Bank
• Brokers: Frank Stanislaski & John Libretti from rogress.Capital

In this transaction, the property was represented by brokers Frank Stanislaski and John Libretti from rogress.Capital. They played a crucial role in facilitating the deal between the parties involved.