Brief
Citi Refis Brooklyn Retail Asset With $29M CMBS Loan
Developer Michael Orbach has sealed $28.5 million of commercial mortgage-backed securities (CMBS) debt to refinance a portfolio of retail assets in Clinton Hill, Brooklyn, Commercial Observer has lear
Summary
Developer Michael Orbach has sealed $28.
5 million of commercial mortgage-backed securities (CMBS) debt to refinance a portfolio of retail assets in Clinton Hill, Brooklyn, Commercial Observer has learned.
Citi originated the five-year, five-rate CMBS conduit loan for seven contiguous retail condominium units spanning three buildings at 484–526 Myrtle Avenue. Arrow Real Estate Advisors arranged the […]
Source
- Commercial Observercommercialobserver.com
