REBusinessOnline

Berkadia Secures $20M Refinancing for Multifamily Property in Brooklyn

NEW YORK CITY — Berkadia has secured a $20 million loan to refinance a multifamily property in Brooklyn. Located at 240 Meeker Ave., the 46-unit property includes one- and two-bedroom floor plans with balconies in every unit. Stewart Cambell of Berkadia’s Manhattan office secured the financing on behalf of the borrower, New York-based 240 Meeker Avenue Corp. The 10-year, permanent Fannie Mae loan features a 4.37 percent fixed rate and six years of interest-only payments.

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