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Eastern Union Secures $24 Million Toward Refinancing of Newly Constructed, 57-Unit, Mixed-Use Property in Brooklyn's Flatbush Neighborhood

Eastern Union Secures $24 Million Toward Refinancing of Newly Constructed, 57-Unit, Mixed-Use Property in Brooklyn's Flatbush Neighborhood

Eastern Union获得2400万美元用于布鲁克林Flatbush社区新建的57个单元混合用途物业的再融资。
PR Newswire ·  12/17 21:58

NEW YORK, Dec. 17, 2024 /PRNewswire/ -- Eastern Union, one of America's largest commercial real estate mortgage brokerage firms, has arranged the $24-million refinancing of a construction loan in support of a 57-unit, mixed-use building in Brooklyn's Flatbush community.

纽约,2024年12月17日 /PRNewswire/ -- Eastern Union,作为美国最大的商业房地产业务抵押贷款券商之一,已安排了2400万美元的再融资,用于布鲁克林Flatbush社区一栋57个单元的综合用途建筑的施工贷款。

Eastern Union has secured the $24-million refinancing of a construction loan for this 57-unit, mixed-use building at 2508 Foster Avenue in Brooklyn's Flatbush community. Two years ago, the company had delivered a $17.5-million construction loan for the Flatbush project. The refinancing enabled the borrower to cash out with $6.5 million in proceeds.
Eastern Union已为布鲁克林Flatbush社区2508 Foster Avenue的这栋57个单元的综合用途建筑获得2400万美元的再融资施工贷款。两年前,该公司为Flatbush项目交付了一笔1750万美元的施工贷款。此次再融资使借款方可以提现650万美元的收益。
Motti Blau, a senior managing director with Eastern Union, led a team that arranged the $24-million refinancing of a construction loan for seven-story, 57-unit, mixed-use building at 2508 Foster Avenue in Brooklyn's Flatbush community. The site encompasses 55 residential units and two retail units.
Eastern Union的高级董事Motti Blau领导了一支团队,为布鲁克林Flatbush社区2508 Foster Avenue的七层57个单元的综合用途建筑安排了2400万美元的再融资施工贷款。该场地包含55个住宅单元和两个零售单元。

The seven-story property, which completed construction earlier this year, is located at 2508 Foster Avenue. The site encompasses 55 residential units and two retail units. Tenants receive support from the City of New York's CityFHEPS program, a rental assistance supplement that helps individuals and families find and keep housing.

这栋七层建筑于今年早些时候完成施工,位于2508 Foster Avenue。该场地包含55个住宅单元和两个零售单元。租户得到纽约市CityFHEPS项目的支持,该项目是一个租金援助补贴,帮助个人和家庭找到并保持住房。

The mortgage was secured by Eastern Union senior managing director Motti Blau and senior loan consultant Mendy Pfeifer. Dov Bakon served as underwriter for the transaction.

这笔抵押贷款由Eastern Union的高级董事Motti Blau和高级贷款顾问Mendy Pfeifer担保。Dov Bakon担任交易的承销人。

The non-recourse loan, which carried a yield maintenance clause, covered a five-year period on an interest-only basis for its full term, with principal due at the end of the term. It carried a 65-percent loan-to-value ratio. The interest rate was not disclosed.

这笔无追索权贷款具有收益维护条款,覆盖五年期的全额利息支付,主本金在期末到期。它的贷款价值比为65%。利率未披露。

Two years ago, the Eastern Union team had delivered a $17.5-million construction loan in support of the Flatbush project. The refinancing enabled the borrower to cash out with $6.5 million in proceeds.

两年前,Eastern Union团队为Flatbush项目交付了一笔1750万美元的施工贷款。此次再融资使借款方可以提现650万美元的收益。

"Eastern Union is committed to the success of our clients, and this transaction serves as an excellent example of our approach," said Mr. Blau. "We supported the borrower throughout this two-stage process, and they knew they could count upon us as their trusted advisor."

“Eastern Union致力于客户的成功,这笔交易是我们方法的一个优秀示例,”Blau先生说。“在这两个阶段的过程中,我们一直支持借款方,他们知道可以依靠我们作为他们值得信赖的顾问。”

Units average 692 square feet in size. The building's overall, net rentable area is 44,362 square feet.

单位平均大小为692平方英尺。建筑的整体可出租面积为44,362平方英尺。

The borrower was 1341-1351 Flatbush LLC, and the lender was the Bank of Montreal.

借款方是1341-1351 Flatbush LLC,贷方是蒙特利尔银行。

About Eastern Union

关于The Eastern

Founded in 2001, Eastern Union is a national commercial real estate firm that provides both financing services and capital markets advisory services. It employs more than 90 real estate professionals and closes billions of dollars' worth of transactions annually. Eastern Union leverages its relationships with lenders and its marketplace knowledge to secure the best available rates and terms.

The Eastern成立于2001年,是一家国家级商业房地产业务公司,提供融资服务和资本市场顾问服务。公司雇用超过90名房地产业务专业人员,每年完成数十亿美元的交易。The Eastern利用其与贷方的关系和市场知识,确保获得最佳可用利率和条款。

Headquartered in New York, Eastern Union secures financing for transactions of all sizes across the United States. Transactions, which can include multi-state and multi-site portfolios, encompass conventional commercial mortgages, structured debt, healthcare, hospitality, manufactured home properties, single-family rentals, investment sales, and -- handled in conjunction with company affiliate Eastern Equity Advisors -- equity placement.

The Eastern总部位于纽约,为全美国各类交易提供融资服务。这些交易可能包括多州和多站点的投资组合,涵盖传统商业抵押贷款、结构性债务、医疗保健、酒店、制造住房物业、单户出租、投资销售,以及与公司附属的The Eastern Equity Advisors共同处理的股权投资。

For more information, visit www.easternunion.com.

欲了解更多信息,请访问www.easternunion.com。

Media contact:
Steve Vitoff
Eastern Union
516 652 0785
[email protected]

媒体联系人:
史蒂夫·维托夫
The Eastern Union
516 652 0785
[email protected]

SOURCE Eastern Union

来源于The Eastern Union

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