Refinancing of nine-property multifamily portfolio

21.11.2014 23:32


Coutinho Properties is pleased to announce that they have completed refinancing their nine-property multifamily portfolio located in and around New York City. Total amount of $47.5 million was received from three different lenders – First Republic Bank, People’s United Bank, and Santander Bank. All nine loans featured interest-only payments for their full four- and five-year terms with interest rates between 2.88 percent and 3.30 percent. The broker on this transaction was Isaac Filler at Meridian Capital Group. The above-mentioned refinancing was also featured in the 'Commercial Observer'