STAY BK Secures $2.5 Million Bridge Loan From Arion Fund For Brooklyn Multifamily Property

The property asset involved in this transaction is a multifamily building located at 670 Halsey Street in Brooklyn, comprising 5,000 square feet and containing 7 units. The loan amount for this property is $2,500,000 with a bridge loan type.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $2,500,000
• Address: 670 Halsey Street
• Market: Brooklyn
• Lender: Arion Fund
• Lender Representatives: Eli Ben-Meir & Dylan Kronenberg
• Landlord: STAY BK
• Broker: Daniel Neiss - Meridian Capital Group
• Loan Type: Bridge

The key players in this deal include the representatives from Arion Fund, Eli Ben-Meir and Dylan Kronenberg, who played a significant role in the financing of the property. Additionally, the transaction was facilitated by broker Daniel Neiss from Meridian Capital Group, representing the landlord STAY BK.