Northmarq Arranges $50M Refinance Loan For 83-Unit Multifamily Property In Williamsburg, NYC

The property involved in this transaction is a multifamily asset located at 76 N. 4th St. in Williamsburg. It consists of 83 units and is situated in the Williamsburg market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $50,000,000
• Loan Type: Refinance
• Loan Terms: five-year term with 2 years of interest-only payments followed by a 30-year amortization schedule
• Broker: Robert Ranieri - Northmarq

The loan amount for this transaction was $50,000,000. It was a refinance loan with a five-year term. The loan terms included two years of interest-only payments followed by a 30-year amortization schedule. The transaction was facilitated by Robert Ranieri from Northmarq.