CBZ Management Refinances Multifamily Portfolio In Brooklyn For $19.1M | 33 Westminster Avenue,1198 Carrol Street, 1212 Lincoln Street, 1320 Street John's Place & 1398 Street John's Place | Nate Hyman | MultiFamily | Loan

Summary

Loan

NEW YORK

MultiFamily

82,365 sqft

Five multifamily properties located at 33 Westminster Avenue, 1198 Carrol Street, 1212 Lincoln Street, 1320 St. John's Place, and 1398 St. John's Place in Brooklyn have been involved in a recent transaction. The total square footage of these properties is 82,365, and they consist of a total of 87 units. The transaction took place on 12/28/2021.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $19,100,000
Market: Brooklyn
Lender: Local Savings Bank
Landlord: CBZ Management
Broker: Nate Hyman - Polaris Funding

The loan for this transaction was provided by Local Savings Bank. The loan amount was $19,100,000, and it was a refinance loan. The loan terms included a 3% interest rate, a 5-year fixed period, and a 2-year interest-only period.

Players

All
1

Agents
1

Nate Hyman

Principal of Polaris Funding

$42M Sold

Details

Deal Summary

FINANCED

IMAGE: Nate Hyman DATE: 12/28/2021 ADDRESS: 33 Westminster Avenue,1198 Carrol Street, 1212 Lincoln Street, 1320 St. John's Place & 1398 St. John's Place MARKET: Brooklyn ASSET TYPE: Multifamily ~ SF: 82,365 ~ UNITS: 87 LENDER: Local Savings Bank LANDLORD: CBZ Management BROKER: Nate Hyman (@NateHyman) - Polaris Funding LOAN AMOUNT: $19,100,000 LOAN TYPE: Refinance LOAN TERMS: 3% Interest, 5-year Fixed, 2-year Interest Only

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Address33 Westminster Avenue,1198 Carrol Street, 1212 Lincoln Street, 1320 Street John's Place & 1398 Street John's Place

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