Brooklyn, NY Joe Hach, partner at Refined, arranged a senior participation loan of $8.4 million.
Key highlights of this deal:
• advance rate 80%
• terms: non-recourse
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,