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

The transaction involves a package deal consisting of properties located at 71 2nd Avenue, 218 East 12th Street, 317 Smith Street, and 199 2nd Avenue in the New York City market. The total square footage of the assets amounts to 23,756. The loan amount associated with this deal is $16,762,000, structured as a refinance with partial interest-only terms at a lowest rate of 5.50%.

Summary of transaction details:

• Property Type: Package Deal
• Transaction Amount: $16,762,000
• Asset Square Footage: 23,756
• Lender: Berkadia & Modern Bank
• Landlord: Sam Kwak
• Broker: Joseph Hach - Refined CRE
• Loan Type: Refinance
• Loan Terms: Partial interest-only, lowest rate 5.50%

The key individuals involved in this transaction include Sam Kwak, acting as the landlord, and Joseph Hach representing the interests of the deal through Refined CRE. The lending institutions for this transaction are Berkadia and Modern Bank, facilitating the financial aspects of the refinance agreement.