Vincent Coratolo Of Coratolo Associates LLC Secures $5.76M Refinance Loan For 49-Unit Multifamily In Sunnyside

The asset involved in this transaction is a multifamily property with a total of 49 units located in the Sunnyside market. The loan for this property is a refinance transaction amounting to $5,760,000 with terms set for a 5-year period. The applicable rate for this loan is 5.78% as noted by the broker.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,760,000
• Loan Type: Refinance
• Loan Terms: 5-year
• Units: 49
• Market: Sunnyside
• Broker: Vincent Coratolo - Coratolo Associates LLC
• Rate: 5.78%

Vincent Coratolo represents the broker in this loan transaction through Coratolo Associates LLC, facilitating the refinance for the multifamily asset in Sunnyside. The company offers competitive financing solutions for acquiring, refinancing, or bridge financing needs.