IPA Capital Markets Secures $45.1M Acquisition Loan for Multifamily Portfolio in Brooklyn
Located in central and northern Brooklyn, the 18-building multifamily portfolio features 207 units.
NEW YORK CITY — Institutional Property Advisors Capital Markets has arranged $45.1 million in financing for the acquisition of an 18-building, 207-unit multifamily portfolio in Brooklyn. The seller assembled the buildings, which are located throughout central and northern Brooklyn, in 2009 and 2010. The seven-year loan features a 3.77 percent fixed rate and a 30-year amortization schedule. Andrew Dansker and Lior Goldberg of IPA arranged the loan for the buyer, a real estate fund, and represented the seller, a private investor.