The property asset involved in this transaction is a multifamily building located at 980 Kent Avenue in Brooklyn. The asset comprises 11,000 square feet and includes 10 residential units. The loan for this property amounts to $6,200,000 and is categorized as a refinance with terms of 5 years, featuring a full term interest-only structure and a stepdown payment plan.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,200,000
• Address: 980 Kent Avenue
• Market: Brooklyn
• Asset Size: 11,000 SF
• Units: 10
• Lender: A&E Real Estate Finance
• Lender's Representative: Signature Bank
• Landlord: Aaron Naiman
• Brokers: Michael Helmreich, Jake Gluck & Asher Spingarn - Fortune Capital Group
• Loan Terms: 5 Years, Full Term Interest Only, Stepdown PPP

The key individuals involved in this transaction include Paul Kotronis representing A&E Real Estate Finance as the lender. The brokers facilitating this deal are Michael Helmreich, Jake Gluck, and Asher Spingarn of Fortune Capital Group, who are available for any financing needs. Jake Gluck can be reached at 973-713-6673 or via email at [email protected], while Mike Helmreich can be contacted at 973-986-5954 or through email at [email protected].