JLL Arranges $92.5M Fannie Mae Refinance Loan For Queens Multifamily Portfolio

The David Minkin Trust has secured a loan to refinance a portfolio of multifamily properties in Queens. The portfolio consists of a total of 1,176 units, making it a substantial investment in the market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $92,548,000
• Address: Portfolio
• Market: Queens
• Lender: Fannie Mae
• Landlord: David Minkin Trust
• Brokers: Christopher Peck, Geoff Goldstein, Robert Tonnessen, Michael Zaremski, Michael Shmuely, and Jonathan Flynn - JLL
• Loan Type: Refinance

The financing was provided by Fannie Mae, a well-known lender in the real estate industry. The David Minkin Trust, acting as the landlord, successfully obtained a loan to support the refinance of their multifamily properties in Queens. Representing the trust in this transaction were Christopher Peck, Geoff Goldstein, Robert Tonnessen, Michael Zaremski, Michael Shmuely, and Jonathan Flynn from JLL, a reputable brokerage firm.