Cross River Bank Provides $29M Refinance Loan For 75-Unit Multifamily Property In Brooklyn
1120 Saint Johns Place
MultiFamily
57,067 SF
57,067 SF
Summary
The multifamily property located at 1120 St Johns Place in Brooklyn has recently undergone a loan transaction. The loan, amounting to $29,000,000, was provided by Cross River Bank for the purpose of refinancing.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $29,000,000
- Units: 75
- Lender: Cross River Bank
- Landlord: FBE limited - Abraham Fruchthandler & Shua Leib Fruchthandler
- Broker: Marvin Jeremias - Crossmark Capital
The deal was facilitated by Marvin Jeremias from Crossmark Capital, who represented the buyer in the transaction. The property is managed by FBE limited, owned by Abraham Fruchthandler and Shua Leib Fruchthandler.
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1120 Saint Johns Place
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