Regional Bank Provides $11.9M Refinance Loan For Multifamily Property In Clifton Heights And Lansdowne

The property asset involved in the transaction includes a MultiFamily type located at 311 North Sycamore Avenue and 85 South Lansdowne Avenue, situated in the Clifton Heights & Lansdowne, PA market. The total square footage of the asset is 129,644, and it comprises 134 units. The loan amount for refinancing this property is $11,900,000.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $11,900,000
• Square Footage: 129,644
• Units: 134
• Lender: Regional Bank
• Landlord's Representative: Jacob Schmuckler & Meir Schlusselberg - Arrow Real Estate Advisors

The transaction underscores the involvement of Jacob Schmuckler and Meir Schlusselberg, who are representing the landlord in this deal through their agency, Arrow Real Estate Advisors. Their role is crucial in facilitating the refinancing process with the Regional Bank, ensuring that the financial aspects of the property transaction are handled efficiently.