LMF Commercial Refinances Multifamily Property In Brooklyn Heights With $2.025M Loan

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.