Haussmann Development Secures $40.75 Million Refinance Loan For 827 Sterling Place In Brooklyn

The asset involved in this transaction is a multifamily property located at 827 Sterling Place in Brooklyn, featuring 76 units and comprising a total square footage of 52,000. The property obtained a refinance loan amounting to $40,750,000.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $40,750,000
• Lender: ACRES Capital
• Landlord: Haussmann Development - Josef Goodman & Jake Sokol; Kriss Capital - Jody Kriss
• Brokers: Alan Blank, Zachary Kraft & Sebastian Sanchez - Cushman & Wakefield

Key individuals involved in the deal include Josef Goodman and Jake Sokol representing Haussmann Development, as well as Jody Kriss from Kriss Capital. The brokerage team from Cushman & Wakefield consists of Alan Blank, Zachary Kraft, and Sebastian Sanchez, who played a significant role in the transaction.