FINANCED
Peter Hungerford & Ari Goldstein Secure $5.5M Refinance Loan For Panorama Trail Multifamily Property With CoreVest Finance
520 Panorama Trail
MultiFamily
40,000 SF
40,000 SF
Financed 1 year ago
Summary
Loan
NEW YORK
MultiFamily
40,000 sqft
The multifamily property located at 520 Panorama Trail in Penfield was recently involved in a loan transaction. The property spans approximately 40,000 square feet and comprises 41 units. The loan, which took place on April 22, 2022, was a refinance.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,500,000
- Address: 520 Panorama Trail, Penfield
- Market: Penfield
- Square footage: 40,000
- Units: 41
The lender involved in this transaction was CoreVest Finance. The landlords, Peter Hungerford and Ari Goldstein, secured this loan. The broker representing them in the deal was Nate Hyman from Polaris Funding.
In addition to the loan details, it is worth noting that the landlords were able to return 91% of their invested equity through this refinance. This impressive return was achieved just 14 months after the property's acquisition.
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2
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1
Lenders
1
Details
FINANCED
IMAGE: Peter Hungerford & Ari Goldstein
DATE: 04/22/2022
ADDRESS: 520 Panorama Trail
MARKET: Penfield
ASSET TYPE: Multifamily ~ SF: 40,000 ~ UNITS: 41
LENDER: CoreVest Finance
LANDLORD: Peter Hungerford & Ari Goldstein
BROKER: Nate Hyman (@NateHyman) - Polaris Funding
LOAN AMOUNT: $5,500,000
LOAN TYPE: Refinance
NOTE FROM LANDLORD: We returned 91% of invested equity with this refinance after only 14 months from acquisition.View on map
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Address520 Panorama Trail
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