Stephen Rosenberg Of Greystone Provides $32M Refinance Loan For 90-Unit Brooklyn Complex

The asset involved in this transaction is a 90-unit multifamily affordable housing complex located at 58 Vanderbilt Street, Brooklyn. The loan amount for this property is $32,000,000, which was provided for the purpose of refinancing. The property was completed in 2023 and features a 51% loan-to-value ratio, with a loan structured as a five-year term and a 30-year amortization period.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $32,000,000
• Address: 58 Vanderbilt Street
• Market: Brooklyn
• Units: 90
• Lender: Stephen Rosenberg - Greystone
• Loan Type: Refinance
• Loan Terms: five-year term and 30-year amortization
• Brokers: Gabby Gutwein & Rose Schwartz - Everest Equity

Key individuals involved in this deal include Stephen Rosenberg from Greystone, who provided the loan, and the brokers Rose Schwartz and Gabby Gutwein from Everest Equity, who arranged the financing for the transaction.