Hach of Refined arranges $2.5 million inventory loan for a residential condo project

Flushing, NY According to Refined, Joe Hach, partner, successfully arranged a $2.5 million inventory loan for a residential condo project.

The borrower’s construction loan had recently matured, but Refined were still able to negotiate a loan to pay off the existing debt, fund cash out proceeds for another project, and cover closing costs.

Hach arranged a 24-month fixed rate loan at 10.75% with 3 months of minimum interest.

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Marcus & Millichap brokers $2.8 million sale of free-market mixed-use property in Brooklyn

Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.

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