Stephan Tchorbajian Secures $9.2 Million Refinancing Loan From Barclays Bank For Bedford-Stuyvesant Multi-Family

The asset involved in this transaction is a multi-family elevator building located at 85 Skillman Street in Bedford-Stuyvesant, Brooklyn. The building encompasses a total square footage of 29,639 and houses 35 residential units. The refinancing loan secured for this property amounts to $9,200,000.

Summary of transaction details:

• Property Type: Multi-Family
• Transaction Amount: $9,200,000
• Loan Type: Refinance
• Lender: Barclays Bank
• Landlord: Stephan Tchorbajian
• Market: Bedford Stuyvesant, Brooklyn

This transaction was facilitated by Stephan Tchorbajian’s Skillman Suites LLC, which obtained the refinancing loan from Barclays Capital Real Estate for the property. The deal highlights the engagement of a significant financial institution in the refinancing of a multi-family residence in the Brooklyn market.