Gershon & Co. Secures $34.4M Loan For Multifamily Property On Hope Street In Williamsburg, Brooklyn

A loan transaction was recently closed in Williamsburg, Brooklyn. The property involved in the transaction is a multifamily asset located at 55 Hope Street. The loan was provided by MF1 Capital, with Michael Squires serving as the lender's representative. The loan amount was $34,400,000, and the terms of the loan include a 5-year term with a 3.65% interest rate and interest-only payments.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $34,400,000
• Address: 55 Hope Street
• Market: Williamsburg, Brooklyn

Representing the landlord in this transaction is Gershon & Co. The broker responsible for facilitating the deal is Steven Rock from Marcus & Millichap Capital Corp. Capital Markets. It's worth noting that Steven Rock can be directly contacted for more information. His contact details are as follows:

• Steven B. Rock, First Vice President
• Direct Phone: (914) 220-9751
• Main Phone: (914) 220-9730
• Mobile: (914) 715-0965
• Email: [email protected]