Canvas Property Group Secures $13,363,000 Refinance Loan From Freddie Mac For East Village Multifamily

The property asset involved in the transaction is a multifamily building located at 629 East 5th Street in the East Village, Manhattan. This asset encompasses a total square footage of 18,523 and consists of 24 units. The loan amount for this refinancing deal is $13,363,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $13,363,000
• Address: 629 East 5th Street
• Market: East Village, Manhattan
• Asset Size: 18,523 SF
• Units: 24
• Lender: Freddie Mac
• Borrower: Canvas Property Group
• Brokers: Michael Shmuely, Michael Zaremski & John Flynn - JLL
• Loan Type: Refinance

The key individuals involved in this transaction are brokers Michael Shmuely, Michael Zaremski, and John Flynn, who represent JLL. They facilitated the refinancing deal between the borrower, Canvas Property Group, and the lender, Freddie Mac, contributing significantly to the transaction's execution.