facebook
Traded Co logo
Submit

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

Property Image
FINANCED
$2,500,000

New York

See Similar Deals
MultiFamily5,000 SF
Financed
the dealplayerscompscontact
Property Image
FINANCED

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

670 Halsey Street

See Similar Deals
MultiFamily5,000 SF
Financed
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$500
Total Square Footage:5000 SF
Transaction Type:Loan

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.

Players

Daniel Neiss
27 deals$635.8M volume
BROKER

Meridian Capital Group
BROKERAGE

Eli Ben-Meir
Arion Fund
11 deals$65.2M volume
LENDER


Details

FINANCED
IMAGE: Eli Ben-Meir, Dylan Kronenberg & Daniel Neiss DATE: 7/18/2025 ADDRESS: 670 Halsey Street MARKET: Brooklyn ASSET TYPE: MultiFamily ~ SF: 5,000 ~ UNITS: 7 LENDER: Arion Fund - Eli Ben-Meir & Dylan Kronenberg LANDLORD: STAY BK BROKER: Daniel Neiss - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $2,500,000 LOAN TYPE: Bridge NOTE FROM LENDER: Arion Fund remains committed to delivering tailored financing solutions that drive growth and opportunity in the multifamily sector. For more information or other inquiries, contact: www.arionfund.com | [email protected] | +1 (201) 374-3121 ext. 103

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,500,000.00

Monthly NOI$16,666.67
Monthly Debt Service$15,801.70
Change in Cash Flow$0.00
Refinance Proceeds$0.00