FINANCED
Citi Bank Provides $8.55M Refinance Loan For Mixed-Use Property On St. Marks Place & 5th Avenue
138 Saint Marks Place & 155 5th Avenue
Mixed-use
12,061 SF
12,061 SF
Financed 1 year ago
Summary
Loan
NEW YORK
Mixed-use
12,061 sqft
A property in Brooklyn has recently undergone a refinance transaction. Located at 138 St. Marks Place and 155 5th Avenue, the mixed-use asset encompasses approximately 12,061 square feet. The deal was completed on 03/01/2022.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $8,550,000
- Market: Brooklyn
The lender involved in this refinance deal is Citi Bank. The loan terms include a 10-year term, interest-only payment structure, and non-recourse agreement. Abe Cohen and Robert Tobias, represented by broker Robert Tobias from RJT Capital Partners, negotiated the transaction on behalf of the landlord, Conway Capital.
Players
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3
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Lenders
1
Details
FINANCED
IMAGE: Abe Cohen & Robert Tobias
DATE: 03/01/2022
ADDRESS: 138 St. Marks Place & 155 5th Avenue
MARKET: Brooklyn
ASSET TYPE: Mixed-use ~ SF: 12,061
LENDER: Citi Bank
LANDLORD: Conway Capital
BROKER: Robert Tobias - RJT Capital Partners
LOAN AMOUNT: $8,550,000
LOAN TYPE: Refinance
LOAN TERMS: 10 Year Term. Interest Only. Non RecourseView on map
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Address138 Saint Marks Place & 155 5th Avenue
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