Albert Dweck's Duke Properties Refinances Brooklyn Multifamily With Loan From Sabal Financial

Albert Dweck's Duke Properties has successfully completed a multifamily refinance deal in Brooklyn, New York. The property, located at 393 Bleecker Street and 1821 Putnam Avenue, spans 11,000 square feet.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $3,970,000
• Address: 393 Bleecker Street / 1821 Putnam Avenue, Brooklyn, NY
• Landlord: Albert Dweck, Duke Properties
• Broker: Brad Domenico - Partner Progress Capital
• Lender: John Darrow - Sabal Financial
• Rate: 3.74% Fixed for 5 Years
• Loan to Value: 80%

The refinance deal was facilitated by Brad Domenico of Partner Progress Capital, who represented the landlord, Albert Dweck. John Darrow from Sabal Financial provided the loan for the transaction. This successful refinance allows Duke Properties to continue managing the multifamily property in Brooklyn.