Updated Aug 10, 2026
Paul Skema Of Trifecta Equities Secures $7.9 Million Refinance From Bank Of Montreal In Brooklyn
16 Howard Avenue
$7,900,000
Units
8
Asset Type
MultiFamily
Closing
Jul 24, 2026
About this deal
AI
The asset involved in this transaction is a multi-family residential building located at 16 Howard Avenue in Bedford-Stuyvesant, Brooklyn. The building consists of eight units and is classified as an elevator building. The refinancing loan amount secured for this property is $7,900,000.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $7,900,000
- Lender: Bank of Montreal (BOM)
- Landlord: Paul Skema - Trifecta Equities
- Loan Type: Refinance
Key individuals in this transaction include Paul Skema, representing Trifecta Equities, which is the entity that secured the refinancing loan. The deal involves securing funds from the Bank of Montreal to support the financial needs related to the property.
On the Map
$7,900,000
MultiFamily
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Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.01%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93