The property involved in this transaction is a 16-unit multifamily asset located in the Brooklyn market. The transaction was structured as a refinance loan. The loan amount secured for this property is $4,900,000, categorized under CMBS Refinance with terms set for 5 years, featuring full-term interest only and cash-out provisions.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,900,000
• Loan Type: Refinance
• Loan Terms: CMBS Refi – 5 Year, FTIO, Cash-Out
• Lender: Matthew Michelson - LMF Commercial
• Broker: Joel Wurzberger - Northstar Capital Group

Matthew Michelson, representing LMF Commercial, facilitated the lending for the refinance deal, while Joel Wurzberger from Northstar Capital Group acted as the broker for the transaction, managing the details and negotiations to ensure the successful completion of the refinance process.