12-18 Meserole

Location: Brooklyn, NY
Type: Multifamily
Price: $17.600,000

SMC funded a $17,600,000 first mortgage loan to refinance 12-18 Meserole Street in Brooklyn, NY. The loan has a 10-year term with full interest only payments. The 28-unit, five story walk-up multifamily property is 100% occupied. The units have high-end finishes with large, airy windows, tiled bathrooms, hardwood flooring throughout and stainless steel appliances. Additionally, the majority of the units are situated as a loft or include a cellar and a patio. The property is well-located with numerous retail and restaurant amenities within a short walking distance of the property.