FINANCED
Ready Capital Provides $9.3M Loan For Multifamily Properties In Brooklyn
762 East 3rd Street & 1545 Dahill Road
MultiFamily
Summary
Loan
NEW YORK
MultiFamily
The Passalacqua Family has secured a $9,317,000 loan from Ready Capital for their multifamily properties located at 762 East 3rd Street and 1545 Dahill Road in Brooklyn, New York. The loan has a 2.88% interest rate and a 5-year term.
Summary of transaction details:
- Property Type: Multifamily
- Loan Amount: $9,317,000
- Address: 762 East 3rd Street & 1545 Dahill Road
- Market: Brooklyn, New York
- Lender: Ready Capital
- Brokers: Bryan Geffen & Sam Katz - Meridian Capital Group
Bryan Geffen and Sam Katz from Meridian Capital Group represented the Passalacqua Family in securing this financing. Their market knowledge allowed them to identify a unique opportunity within the SBL program, resulting in securing financing with well below market pricing and favorable terms.
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Details
FINANCED
IMAGE: Bryan Geffen & Sam Katz
DATE: 05/27/2021
ADDRESS: 762 East 3rd Street & 1545 Dahill Road
MARKET: Brooklyn, New York
ASSET TYPE: Multifamily
LENDER: Ready Capital
LANDLORD: The Passalacqua Family
BROKERS: Bryan Geffen & Sam Katz - Meridian Capital Group
LOAN AMOUNT: $9,317,000
TERM: 2.88% Rate, 5-Year Term
NOTE FROM BRYAN GEFFEN (@BGeff): Our client needed an outside the box solution for their financing needs for these properties. Through our expansive market knowledge we were able to identify a unique opportunity within the SBL program that allowed us to secure well below market pricing and terms.View on map
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Address762 East 3rd Street & 1545 Dahill Road
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