1295 Fulton Street, Brooklyn, NY

December 2019: Zeev Douek of Houlihan-Parnes Realtors arranged the $6.5 Million cash-out refinance of a 17,000 square foot office building with ground floor retail located on Fulton Street in Brooklyn. The loan was placed with a trusted capital source for a fixed interest rate priced at a spread of 175 bps over the 10-Year Swap Rate fixed for 10 years with full term interest only payments. “The loan was tailored to the borrower’s specific financing needs by locking into a favorable, long term low interest rate loan with interest only payments substantially increasing cash flow from the property”, said Douek. “The lender recognized the strength and quality of the real estate and market which had a history of strong performance with low downtime between leases and consistent full occupancy.”