Nalcorp Refinances Two Bedford Stuyvesant Properties With $14M Loan From Bank Of Montreal

Anshel Fridman's Nalcorp, represented by 880 Dekalb LLC, has secured a $14 million refinancing loan from Bank of Montreal for two properties situated in Bedford Stuyvesant, Brooklyn. The properties consist of a 41-unit residential elevator building located at 876 Dekalb Avenue and a six-unit residential walkup building at 374 Kosciuszko Street.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $14,000,000
• Square Footage: 40,453
• Number of Units: 47
• Lender: Michael Birajiclian - Bank of Montreal (BOM)
• Landlord: Anshel Fridman - Nalcorp

Michael Birajiclian from Bank of Montreal facilitated the refinancing, providing financial support to Anshel Fridman's Nalcorp for the two residential properties. Anshel Fridman, as the landlord, played a key role in securing the $14 million loan for the multifamily buildings in Bedford Stuyvesant, Brooklyn.