Cohen of Refined arranges $2.5 million construction loan

Brooklyn, NY According to Refined, senior capital advisor, Peter Cohen, has successfully arranged a $2.5 million construction loan for 2-story property located in Boerum Hill. The 5,000 s/f property will be developed into 2 luxury units.

Cohen secured a 10.5% interest rate, with a 6-month prepayment penalty for a 12-month term. The borrower needed capital to refinance an existing debt and complete construction. More importantly, the lender did not require the borrower to put their equity into the deal first.

This transaction underscores Refineds ability to navigate complex financial landscapes and deliver tailored solutions to clients.

Tags: Brokerage

Reprint

Previous Story Next Story

Delisle and Monahan of Island Associates lease 45,000 s/f to Giunta’s Meat Farms at Strathmore Commons

Middle Island, NY Roger Delisle and Robert Monahan of Island Associates negotiated the lease for the Giunta’s Meat Farms to occupy 45,000 s/f at Strathmore Commons.

Delisle and Monahan of Island Associates broker 1,110 s/f lease extension for Kings Insurance

Island Associates brokers 1,110 s/f lease extension for Kings Insurance

Island Associates lease 1,050 s/f at Marion Oak Plaza

Berger and Koicim of Marcus & Millichap sell 17-unit multi-family for $8.8 million

Marcus & Millichap sells 17-unit multi-family for $8.8m

Big V Property Group acquires ...

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Movers & Milestones

Forchelli Deegan Terrana LLP partner McCabe elected vice president of NS-CASA

Columns and Thought Leadership

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.