Cross River Bank Provides $29M Refinance Loan For 75-Unit Multifamily Property In Brooklyn | 1120 Saint Johns Place | Cross River Bank | Marvin Jeremias | MultiFamily | Loan

Summary

Loan

NEW YORK

MultiFamily

57,067 sqft

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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Players

All
3

Agents
1
Agencies
1
Lenders
1

Marvin Jeremias

President

$42M Sold

Details

Deal Summary

FINANCED

IMAGE: Marvin Jeremias DATE: 12/02/2022 ADDRESS: 1120 St Johns Place MARKET: Brooklyn ASSET TYPE: Multifamily ~ UNITS: 75 LENDER: Cross River Bank LANDLORD: FBE limited - Abraham Fruchthandler & Shua Leib Fruchthandler BROKER: Marvin Jeremias - Crossmark Capital LOAN AMOUNT: $29,000,000 LOAN TYPE: Refinance

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Address1120 Saint Johns Place

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