Chase Bank Provides $8.2M Loan For Brooklyn Multifamily Property | 734-750 Ocean Avenue | J.P. Morgan Chase & Company | MultiFamily | Loan

Summary

Loan

NEW YORK

MultiFamily

66,140 sqft

Located at 734-750 Ocean Avenue in Brooklyn, this multifamily property was involved in a recent closed transaction. The property, owned by Stavros Haviaras, was the subject of a deal facilitated by broker Simon Rosenfeld from Meridian Capital Group. The deal involved a loan provided by Chase Bank.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $8,200,000
Date: 07/06/2021
Address: 734-750 Ocean Avenue
Market: Brooklyn
Lender: Chase Bank
Landlord: Stavros Haviaras
Broker: Simon Rosenfeld - Meridian Capital Group

The loan for this transaction amounted to $8,200,000. The loan terms were fixed at 3.10% and included a 7-year term with 3 years of interest only, followed by a 30-year amortization period.

Players

All
1

Lenders
1

J.P. Morgan Chase & Company

Details

Deal Summary

FINANCED

IMAGE: Simon Rosenfeld DATE: 07/06/2021 ADDRESS: 734-750 Ocean Avenue MARKET: Brooklyn ASSET TYPE: Multifamily LENDER: Chase Bank LANDLORD: Stavros Haviaras BROKER: Simon Rosenfeld (@SimonRosenfeldNYC) - Meridian Capital Group LOAN AMOUNT: 8,200,000 LOAN TERMS: $8,200,000 fixed at 3.10%. 7-year term with 3 years interest only & 30-year amortization.

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Address734-750 Ocean Avenue

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