Lev Brokers Secure $3M Refinance Loan For 91 Ives St Multifamily In Providence, RI

The property involved in this transaction is a multifamily asset located at 91 Ives St, Providence, RI. It encompasses a total square footage of 64,606 and has been financed through a loan of $3,000,000 with refinancing terms of 75% loan-to-value. The loan features a 10-year term with a 30-year amortization at a fixed interest rate of 5.14%, and it is a full-recourse loan.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,000,000
• Loan Type: Refinance
• Loan Terms: $3,000,000, 75% LTV, 10-year Term, 30-year Amortization, 5.14% Fixed, Full-recourse
• Address: 91 Ives St
• Market: Providence, RI
• Asset Size: 64,606 SF
• Broker Representatives: Yaakov Zar, Ben White, Richard Sutton, Don Pavlov & Carly Rubin - Lev

The deal was facilitated by multiple broker representatives, expressing expertise in the multifamily market. The professionals involved, Yaakov Zar, Ben White, Richard Sutton, Don Pavlov, and Carly Rubin, are affiliated with the agency Lev, marking a collaborative effort in securing the refinancing of the asset.