Bluejay Management Secures $22.5 Million Refinance Loan From Citigroup For 54-Unit Multifamily In Brooklyn

The property asset is a 54-unit multifamily building located at 1233 Eastern Parkway in Brooklyn. The transaction involves a loan amount of $22,500,000, which is a refinance under a 5-year fixed rate loan arrangement.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $22,500,000
• Loan Type: Refinance
• Loan Terms: 5 Year Fixed Rate Loan
• Lender: Citigroup
• Landlord: Bluejay Management
• Broker: Lion Creek

This transaction represents a collaboration between Citigroup as the lender and Bluejay Management as the landlord, facilitated by the brokerage firm Lion Creek. The financing process highlights the active role of these entities in the multifamily asset market.