Allan Lieberman Secures $2.325M Refinance Loan In Sunnyside, Queens NYC

The multifamily property located in Sunnyside, Queens NYC spans 10,660 square feet and comprises 16 residential units. The loan transaction involved a total amount of $2,325,000 with RWC Lending providing the refinancing.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $2,325,000
• Units: 16
• Lender: RWC Lending
• Loan Type: Refinance
• Loan Terms:
  • 5-year Fixed Rate locked at Application - Low 7’s
  • Full Term Interest Only
  • Stepdown Prepayment Penalty
  • Non-recourse
  • Sub <60 days process to Closing
• Broker: Allan Lieberman - Meridian Capital Group

The transaction was facilitated by Allan Lieberman from Meridian Capital Group. With his expertise, Meridian Capital Group was able to find solutions, expedite the closing process within a timeframe of less than 60 days, and cover the entire outstanding balance and closing costs of the loan.