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Savoy Bank Provides $1.41M Loan For Multifamily Property In Stuyvesant Heights, Brooklyn

568 Jefferson Avenue
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This MultiFamily property located in NY received a loan of $1,410,000 almost 3 years ago. The brokers of the deal were John Libretti and Frank Stanislaski

Located in Stuyvesant Heights, Brooklyn, the multifamily property at 568 Jefferson Avenue has recently closed in a transaction. The deal, which took place on 05/17/2021, involved a loan from Savoy Bank for an amount of $1,410,000. The loan term is set at 18 months with interest-only payments.

Summary of transaction details:

In this transaction, the property was represented by brokers Frank Stanislaski and John Libretti from rogress.Capital. They played a crucial role in facilitating the deal between the parties involved.

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Deals
  • Location
    568 Jefferson Avenue, Brooklyn, NY 11221568 Jefferson Avenue, Brooklyn, NY 11221
  • Loan Value
    $1,410,000$1,410,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency, 1 Lender2 Brokers, 1 Agency, 1 Lender

Agents

Frank Stanislaski

Frank Stanislaski

Deals36
Financed$211.5M

Agency

Progress Capital

Progress Capital

Agency
Deals382
Volume$4.9B

Savoy Bank

Savoy Bank

Lender
Deals4
Volume$ 6.3B

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Deal Summary

LOAN IMAGE: John Libretti & Frank Stanislaski DATE: 05/17/2021 ADDRESS: 568 Jefferson Avenue MARKET: Stuyvesant Heights, Brooklyn ASSET TYPE: Multifamily LENDER: Savoy Bank BROKERS: Frank Stanislaski (@FStanisl) & @JohnLibretti - @Progress.Capital LOAN AMOUNT: $1,410,000 TERM: 18 Month Interest Only

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568 Jefferson Avenue

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