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Brooklyn, NY According to Leviathan Capital, Peter Cohen has successfully arranged a $2.448 million refinance of a 6-unit multifamily building.
Despite rate climate volatility, Cohen was able to secure a non-recourse loan featuring an interest rate of 5.82%, and 1 year of interest-only payments.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,