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Meridian Capital Group Brokers Secure $13.5M Cash-Out Refinance Loan For Brooklyn Heights Multifamily Co-op

57 Montague Street
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This MultiFamily property located in NY received a loan of $14,000,000 about 2 years ago. The brokers of the deal were Allan Lieberman, Jacob Kaufman, and Asher Haft

Located at 57 Montague Street in Brooklyn Heights, this multifamily co-op property recently underwent a cash-out refinance loan transaction. The loan amount consisted of a first lien loan of $13,500,000 along with a $500,000 line of credit. The loan terms were set at 10 years with a 2.90% interest rate and an interest-only component.

Summary of transaction details

  • Property Type: Multifamily, Co-op
  • Transaction Amount: $13,500,000 First Lien + $500,000 LOC
  • Address: 57 Montague Street, Brooklyn Heights
  • Loan Type: Cash-out Refinance
  • Loan Terms: 10 Years | 2.90% Rate | I/O Component

The transaction was facilitated by Allan Lieberman, Asher Haft, and Jacob Kaufman from Meridian Capital Group, acting as the brokers involved in the deal.

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Deals
  • Location
    57 Montague Street, Brooklyn, New York 11201, United States57 Montague Street, Brooklyn, New York 11201, United States
  • Loan Value
    $14,000,000$14,000,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Jacob Kaufman

Jacob Kaufman

Deals9
Financed$152.9M

Asher Haft

Asher Haft

Deals10
Financed$190.4M

Agency

Meridian Capital Group

Meridian Capital Group

Agency
Deals2414
Volume$65.9B

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Deal Summary

LOAN IMAGE: Asher Haft, Allan Lieberman & Jacob Kaufman DATE: 03/29/2022 ADDRESS: 57 Montague Street MARKET: Brooklyn Heights ASSET TYPE: Multifamily, Co-op BROKERS: Allan Lieberman, Asher Haft & Jacob Kaufman – Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $13,500,000 First Lien + $500,000 LOC LOAN TYPE: Cash-out Refinance LOAN TERMS: 10 Years | 2.90% Rate | I/O Component

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57 Montague Street

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