Santander Bank Provides $7.65M Refinance Loan For Multifamily Property In Williamsburg, Brooklyn

A multifamily property in Williamsburg, Brooklyn has recently undergone a refinance transaction. The property is located in a desirable market and offers a variety of residential units. The loan was provided by Santander Bank for an amount of $7,650,000. The terms of the loan include a 5-year term with an interest rate of 5.28%, with the first year being interest-only.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,650,000
• Market: Williamsburg, Brooklyn

The brokers representing the transaction were Morris Diamant and David Liechtung from Meridian Capital Group. They played a crucial role in facilitating the deal and ensuring its successful completion.