Matthew Linde Of Property Resources Corporation Secures $72.2M Refinance Loan For Multifamily Asset In Brooklyn

The Hartby is a 205-unit luxury rental building located at 788 Willoughby Avenue in the Bedford-Stuyvesant neighborhood of Brooklyn. The property was previously known as St. John’s College. The transaction involved a loan amount of $72,200,000 as part of a refinance.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $72,200,000
• Lender: Warren de Haan & Eric Ramirez - Acore Capital
• Landlord: Matthew Linde - Property Resources Corporation

Warren de Haan and Eric Ramirez from Acore Capital were instrumental in providing the financing for the property. The loan secured by Property Resources Corporation reflects a strategic move to refinance the asset, enhancing its financial positioning within the market.