Seraphim Equities Refinances Multifamily Property In City Of Newburgh For $10M

The property involved in this transaction is a multifamily asset located in City Of Newburgh, Hudson Valley. It consists of 107 units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $10,000,000
• Loan Amount: $10,000,000
• Loan Type: Refinance
• Loan Terms: Cash Out

The lender for this transaction is Sharestates and ROC Capital, while the landlord is Seraphim Equities, represented by Adam Shayanfekr.

Note from Landlord: Seraphim Equities specializes in identifying traditional and nontraditional investment opportunities for those seeking to grow their portfolio of real estate holdings. They are dedicated to social responsibility and collaborative efforts to revitalize neighborhoods in financial distress.

About Newburgh: Newburgh is a city within Orange County, known for its historical district and various architectural styles. The city is experiencing a revitalization movement, driven by an artist community, non-profit organizations, and socially conscious developers.