LMF Provides $8.35M Refinance Loan For 804 Jefferson Avenue Multifamily In Bed-Stuy Brooklyn

The property asset involved in this transaction is a multifamily building located at 804 Jefferson Avenue, in the Bed-Stuy neighborhood of Brooklyn. This asset spans a total of 18,000 square feet and comprises 28 residential units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,350,000
• Loan Type: Refinance
• Loan Terms: 5-year term fixed at 6.26%, Full Term Interest Only
• Lender: LMF - Ben Silver
• Broking Agency: Meridian Capital Group
• Brokers: David Hayum & Michael Farkovits
• Date: 08/28/2024

This transaction was facilitated by Ben Silver from LMF, who served as the lender. The brokerage team from Meridian Capital Group, comprising David Hayum and Michael Farkovits, represented the transaction, contributing their expertise to secure the financing for this property.