Nihad Choudhury's LMF Commercial Provides $17.3M Refinance Loan For NYC Multifamily

The multifamily property in New York City was involved in a recent refinance transaction. The loan amount for this deal was $17,300,000 with financing provided by Nihad Choudhury from LMF Commercial. The loan terms included a CMBS structure, a 5-year full interest-only period, a 70% loan-to-value ratio, and a full cash-out option.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $17,300,000
• Lender: Nihad Choudhury - LMF Commercial
• Broker: Nate Hyman - Polaris Funding
• Loan Type: Refinance
• Loan Terms: CMBS, 5-year full IO, 70% LTV, Full cash out

Nate Hyman from Polaris Funding played a key role in this transaction as the broker representing the deal, ensuring the successful completion of the refinance. His expertise in the market and negotiation skills contributed to the favorable terms achieved for the multifamily property in New York City.