Argentic Provides $11.5M Cash Out Refinance Loan For Mixed-Use Properties In Downtown Brooklyn

A cash-out refinance loan in the amount of $11,500,000 was secured for a mixed-use property located at 710 Degraw Street, 74 1st Place, 228 Livingston Street, and 302 5th Street in Downtown Brooklyn. The loan terms include a 10-year term, interest-only payments, and it is non-recourse. Argentic, represented by Judah Samter, provided the loan.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $11,500,000
• Loan Terms: Cash out Refinance, 10 Year Term, Interest Only, Non Recourse
• Lender: Argentic - Judah Samter
• Landlord: Conway Capital
• Loan Broker: Robert Tobias - RJT Capital Partners

Robert Tobias of RJT Capital Partners acted as the loan broker in this transaction, facilitating the loan between the borrower and the lender. Conway Capital serves as the landlord for the property.