RBI Mortgages Provides $2,145,000 Refinance Loan For MultiFamily Property In Brooklyn

The asset involved in this transaction is a MultiFamily property located at 287 Hawthorne Street in Brooklyn. The loan amount for the refinance is $2,145,000.00 with a 7.625% interest rate. The loan terms include a DSCR loan structured as a 30 year 5 ARM interest-only payment plan.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $2,145,000.00
• Lender: RBI Mortgages
• Loan Type: Refinance
• Loan Terms: DSCR Loan
• Interest Rate: 7.625%
• Loan Structure: 30 Year 5 ARM Interest Only

RBI Mortgages is the lender facilitating this refinance transaction, providing financing structured to accommodate the property’s revenue generation capabilities through the DSCR loan model.