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Prime Finance Provides $14.9M Acquisition Loan For Multifamily Property In Long Island City

11-55 45th Avenue
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This MultiFamily property located in NY received a loan of $14,971,841 over 1 year ago. The brokers of the deal were Dustin Stolly, Daniel Fromm, and Jordan (Jordy) Roeschlaub

An acquisition loan has been secured for a multifamily property located at 11-55 45th Ave in Long Island City. The property spans approximately 45,707 square feet.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $14,971,841
  • Address: 11-55 45th Ave
  • Market: Long Island City

The loan, provided by Prime Finance, will be used to facilitate the acquisition. The landlord involved in the transaction is PEAK Capital, represented by Alex Rabin and David Gomez. The brokers responsible for the deal are Dustin Stolly, Jordan Roeschlaub, and Daniel Fromm, from Newmark.

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Deals
  • Location
    11-55 45th Avenue11-55 45th Avenue
  • Loan Value
    $14,971,841$14,971,841
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Dustin Stolly

Dustin Stolly

Deals218
Financed$37.6B

Daniel Fromm

Daniel Fromm

Deals60
Financed$4.2B

Jordan (Jordy) Roeschlaub

Jordan (Jordy) Roeschlaub

Deals195
Financed$34.6B

Agency

Newmark

Newmark

Agency
Deals3893
Volume$397.4B

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Deal Summary

LOAN IMAGE: Dustin Stolly, Alex Rabin, Daniel Fromm, David Gomez & Jordan Roeschlaub DATE: 07/07/2022 ADDRESS: 11-55 45th Ave. MARKET: Long Island City ASSET TYPE: Multifamily ~ SF: 45,707 LENDER: Prime Finance LANDLORD: PEAK Capital - Alex Rabin (@AlexBRabin) & David Gomez (@DavidGomezNYC) BROKERS: Dustin Stolly, Jordan Roeschlaub (@JordyRoeschlaub) & Daniel Fromm (@Ddwb) - Newmark (@Newmark) LOAN AMOUNT: $14,971,841 LOAN TYPE: Acquisition

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11-55 45th Avenue

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