Arion Fund Provides $3,875,000 Refinance Loan For Multifamily Property In Brooklyn
FINANCED
$3,875,000
New York
See Similar DealsMultiFamily
Financed 09/12/2025
FINANCED
Arion Fund Provides $3,875,000 Refinance Loan For Multifamily Property In Brooklyn
869 Thomas S. Boyland Street & 913 Thomas S. Boyland Street
See Similar DealsMultiFamily
Financed 09/12/2025
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
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.
Players
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,875,000.00
Monthly NOI$25,833.33
Monthly Debt Service$24,492.64
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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