Citi Bank Provides $28.5 Million Refinance Loan For Retail Condo Portfolio In Brooklyn

The transaction involves a retail condo portfolio located in Brooklyn. A refinance loan has been secured for this asset, which amounts to $28,500,000.

Summary of transaction details:

• Property Type: Retail Condo Portfolio
• Transaction Amount: $28,500,000
• Lender: Citi Bank
• Landlord's Representative: Morris Betesh, Jack McPhail, Alex Ellman & Joseph Kean - Arrow Real Estate Advisors
• Loan Type: Refinance
• Transaction Date: 2/13/2026

The deal was facilitated by representatives from Arrow Real Estate Advisors, which includes Morris Betesh, Jack McPhail, Alex Ellman, and Joseph Kean, indicating a collaborative effort among experienced professionals in managing this refinancing process.