Commercial Mixed-Use – Brooklyn, NY

Brookyn NY Mixed-Use

Brooklyn, NY

Property: Commercial Mixed Use
Deal Type:
Cash-out Refinance
Loan Amount: $1,110,000

This cash-out refinance of a mixed-use commercial building in Brooklyn, NY gave the borrower the cash to buy out the brother’s portion of the owner-occupied business on the first floor. The remainder of the building contains residential units all with long-term tenants. The broker received a point and a quarter on the deal, plus YSP at closing.

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