LMF Commercial Refinances Mixed-Use Property In Carroll Gardens, Brooklyn For $3.5M

Located at 561 Clinton St. in Carroll Gardens, Brooklyn, this mixed-use property spans 4,650 square feet. The transaction took place on 08/23/2022.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $3,500,000
• Market: Carroll Gardens, Brooklyn
• Lender: LMF Commercial (A Lennar Co.)
• Lender's Representative: Nihad Choudhury
• Landlord: Conway Capital
• Landlord's Representative: Abe Cohen
• Broker: Robert Tobias
• Broker's Agency: RJT Capital Partners
• Loan Type: Refinance
• Loan Terms: CMBS, 10-year fixed, full term IO

Nihad Choudhury, representing LMF Commercial (A Lennar Co.), provided the loan amount of $3,500,000 for the refinance transaction. The landlord, Conway Capital, was represented by Abe Cohen. Robert Tobias, from RJT Capital Partners, served as the broker in this deal.