Solomon Schwimmer Secures $17M Refi Loan For Bedford Stuyvesant Multifamily

A $17 million refinance loan was secured for a 38-unit residential elevator building located at 650 Madison Street in Bedford Stuyvesant, Brooklyn. The loan was provided by Peggy Lane from the Bank of Princeton.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $17,000,000
• Units: 38
• Lender: Peggy Lane - Bank of Princeton
• Landlord: Solomon Schwimmer
• Representative: Madison Heights NY LLC

Solomon Schwimmer, represented by Madison Heights NY LLC, successfully secured the $17 million refinance loan from the Bank of Princeton for the residential building at 650 Madison Street. Peggy Lane served as the lender in this transaction.