LMF Commercial Refinances Multifamily Property In Brooklyn Heights With $2.025M Loan | LMF Commercial completes loan for $2,025,000 in Brooklyn Heights | LMF Commercial | Robert Tobias | MultiFamily | Loan

Summary

Loan

NEW YORK

MultiFamily

A multi-family property in Brooklyn Heights has recently undergone a refinancing transaction. The property, located in the market of Brooklyn Heights, was involved in a loan deal facilitated by LMF Commercial. Nihad Choudhury represented the lender in this transaction. The loan amount for this refinancing deal was $2,025,000.

Summary of transaction details

Property Type: MultiFamily
Transaction Amount: $2,025,000
Market: Brooklyn Heights

Robert Tobias from RJT Capital Partners acted as the broker in this refinancing deal. The loan was of the CMBS type, with a term of 5 years and a loan-to-value ratio (LTV) of 75.0%. The loan terms also included a full interest-only period, providing financial flexibility to the borrower.

Players

All
3

Agents
1
Agencies
1
Lenders
1

Details

Deal Summary

FINANCED

IMAGE: Nihad Choudhury & Robert Tobias DATE: 08/16/2023 MARKET: Brooklyn Heights ASSET TYPE: MultiFamily LENDER: LMF Commercial - Nihad Choudhury (@NihadChy) BROKERS: Robert Tobias - RJT Capital Partners LOAN AMOUNT: $2,025,000 LOAN TYPE: Refinance LOAN TERMS: CMBS: 5 year, Full IO, 75.0% LTV

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AddressLMF Commercial completes loan for $2,025,000 in Brooklyn Heights

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