Pennrose Refinances Multifamily Property In Bushwick With $72.8M Loan From Freddie Mac

The multifamily property located at 580 Central Avenue in Bushwick has been subject to a refinancing loan transaction. The property, spanning an impressive 323,432 square feet, attracted the attention of Freddie Mac, who provided the loan for this transaction. Pennrose, the landlord, was involved in securing the refinancing loan.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $72,800,000
• Address: 580 Central Avenue
• Market: Bushwick
• Lender: Freddie Mac
• Landlord: Pennrose

Regarding this deal, Freddie Mac played a pivotal role as the lender, offering a refinancing loan amount of $72,800,000. Meanwhile, Pennrose, the landlord, was responsible for pursuing this loan transaction. This significant refinancing deal has provided the property located at 580 Central Avenue in Bushwick with a fresh financial foundation.