Arion Fund Provides $3,875,000 Refinance Loan For Multifamily Property In Brooklyn

The property involved in this transaction comprises two multifamily assets located at 869 Thomas S. Boyland Street and 913 Thomas S. Boyland Street in Brooklyn. The transaction involved a loan amount of $3,875,000 for refinancing purposes, encompassing a total of 51 units across both properties.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $3,875,000
• Lender: Arion Fund
• Brokers: David Bollag & James Darling - Meridian Capital Group
• Market: Brooklyn
• Units: 51

David Bollag and James Darling from Meridian Capital Group represented the transaction, playing a crucial role in facilitating the refinance deal with Arion Fund as the lender. Their expertise contributed to securing favorable financing terms for the properties involved.