Meridian Capital Group Brokers Secure $13.5M Cash-Out Refinance Loan For Brooklyn Heights Multifamily Co-op

Located at 57 Montague Street in Brooklyn Heights, this multifamily co-op property recently underwent a cash-out refinance loan transaction. The loan amount consisted of a first lien loan of $13,500,000 along with a $500,000 line of credit. The loan terms were set at 10 years with a 2.90% interest rate and an interest-only component.

Summary of transaction details

• Property Type: Multifamily, Co-op
• Transaction Amount: $13,500,000 First Lien + $500,000 LOC
• Address: 57 Montague Street, Brooklyn Heights
• Loan Type: Cash-out Refinance
• Loan Terms: 10 Years | 2.90% Rate | I/O Component

The transaction was facilitated by Allan Lieberman, Asher Haft, and Jacob Kaufman from Meridian Capital Group, acting as the brokers involved in the deal.