Sam Kwak Refinances Properties In New York City For $16.76M With Lenders Berkadia And Modern Bank

A package deal involving four properties has recently closed in New York City. The properties included in this deal are located at 71 2nd Avenue, 218 East 12th Street, 317 Smith Street, and 199 2nd Avenue, with a combined square footage of 23,756. The market value of this package deal is undisclosed.

Summary of transaction details:

• Property Type: Package Deal
• Transaction Amount: Undisclosed
• Loan Amount: $16,762,000
• Loan Type: Refinance
• Loan Terms: Partial interest-only, lowest rate 5.50%
• Lender: Berkadia & Modern Bank
• Landlord: Sam Kwak
• Broker: Joseph Hach - Refined CRE

This package deal was facilitated by Joseph Hach, a representative from Refined CRE. The loan amount for this transaction was $16,762,000, and it was a refinancing deal. The loan terms included a partial interest-only period, with the lowest interest rate being 5.50%. The lenders involved in this deal were Berkadia and Modern Bank. The landlord for the properties included in this package deal is Sam Kwak.