Jonathan Rubin Secures $10 Million Refinance Loan For 30-Unit Multifamily Asset In Greenpoint
FINANCED
$10,000,000
New York
See Similar DealsMultiFamily
Financed 05/06/2026
FINANCED
Jonathan Rubin Secures $10 Million Refinance Loan For 30-Unit Multifamily Asset In Greenpoint
Mcguinness Boulevard
See Similar DealsMultiFamily
Financed 05/06/2026
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
The asset involved in this transaction is a multifamily property located at 287-299 McGuinness Boulevard, Greenpoint, NY, consisting of 30 units. The loan amount for this property is $10,000,000, secured through a refinance with a term of 5 years.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,000,000
- Lender: Mitch Gorelick - Amalgamated Bank
- Landlord: Jonathan Rubin
- Landlord's Representative: Meir Kessner & David Eisen - Seven Stone Capital
- Loan Type: Refinance
- Loan Terms: 5 year term
Key individuals involved in this transaction include the lender Mitch Gorelick from Amalgamated Bank, while Meir Kessner and David Eisen represent landlord Jonathan Rubin through Seven Stone Capital in this loan refinance process.
Players
LENDER
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$10,000,000.00
Monthly NOI$66,666.67
Monthly Debt Service$63,206.80
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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