Cathay Bank Provides $4.06 Million Refinance Loan For Multifamily Asset In Bushwick Brooklyn

The asset involved in this transaction is an 8-unit multifamily property located at 727 Knickerbocker Avenue in Bushwick, Brooklyn. The total loan amount secured for this property is $4,060,000, which is categorized under a refinance loan type.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,060,000
• Lender: Cathay Bank
• Date: 7/1/2025
• Brokers: David Bollag & James Darling - Meridian Capital Group

This transaction involves key individuals in the brokerage field, specifically David Bollag and James Darling, who represent Meridian Capital Group in this deal, facilitating the refinancing process for the property.