ZP REALTY CAPITAL A/KA/ ZEV POLLAK CO LLC ARRANGED $23,850,000 NEW FINANCING FOR THREE PROPERTIES IN NEW YORK
BROOKLYN, NEW YORK, USA, May 20, 2022 /EINPresswire.com/ — ZP REALTY CAPITAL LLC A/K/A ZEV POLLAK CO. LLC. ARRANGES $23,850,000 IN NEW MORTGAGE FINANCING PACKAGE FOR THREE BUILDING SETS IN MANHATTAN AND BROOKLYN
Zev Pollak, President of ZP Realty Capital LLC, also known as Zev Pollak Co LLC, is pleased to announce that he recently arranged new mortgage financing for three multi-family elevator buildings in the boroughs of Manhattan and Brooklyn in New York.
Led by Zev Pollak, ZP Realty Capital LLC is a private real estate company in Brooklyn, New York. The company has built a reputation for negotiating favorable financings for properties across the United States.
The new mortgage financing for the set of three buildings in Manhattan and Brooklyn, is for a total amount of $23,850,000 with a fixed rate for 5 years and a term of 10 years, with a schedule of prepayment penalties favorable.
The complex consists of three multi-family buildings with elevators, comprising a total of 216 units, in a labor-intensive neighborhood of Brooklyn and the West Side of Manhattan. The buildings are well maintained and professionally managed, with many improvements made to the mechanical systems and building facade.
The financing was arranged by Zev Pollak, President of ZP Realty Capital LLC.
In addition, ZP Realty Capital LLC arranged new first mortgage financing in the amount of $9,700,000 for 87 units, two buildings with elevators in the Bronx NY, at a rate of 3% for a term of ten years.
ZP Realty Capital LLC also arranged a $1,600,000 first mortgage for a co-op sold at 70% in Woodside Queens. The loans were for 10 years at a fixed rate of 3.25%. The cooperative societies will use the proceeds to improve fixed assets and to replace existing debt.
“The ability to execute closings in a timely manner by our agents has been key to the success of these loans,” notes Zev Pollak.
ZP Realty Capital LLC
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