NEW YORK, NY – Commercial real estate finance firm, Lument has closed a $115 million Fannie Mae conventional multifamily loan for the refinance of a cooperative multifamily housing community in New York City.
The loan features a low, fixed interest rate, a 10-year term and a 30-year amortization schedule.
The loan allows the cooperative to refinance existing debt and provides substantial cash-out proceeds to fund more than $60 million in extensive capital improvements at the property.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
