Credit Union Execution - Upstate New York, NY
Transaction Details
- Project Type: Multifamily
- Loan Amount: $7,500,000
- LTC: 60%
- Term: 5-Year Term (30-Year Amortization)
- Rate: 6.25% Fixed
- Guaranty: Recourse
- Structure: 5-Year Term, 6.25% Fixed
- Closed: Q1 2026
- Location: Upstate New York, NY
- Arranged By: Adam Dreyfuss and Tomer Sheelo
Transaction Overview
FOCAL arranged a $7.5 million credit union refinance for a multifamily property in Upstate New York, replacing an existing private-money loan with long-term institutional financing. FOCAL is a Beverly Hills-based commercial real estate debt and equity advisory firm arranging financing nationwide.
The transaction involved several layers of complexity. After the property was constructed, a zoning change created uncertainty around whether the existing improvements could be rebuilt in the event of a casualty. FOCAL worked directly with the local township to confirm the property's grandfathered status, resolving the issue to the satisfaction of both the lender and insurance carrier.
The borrower group also required a cash-out component to consolidate personal debt and facilitate the buyout of one of four ownership partners. FOCAL structured the financing to address both objectives while transitioning the property out of higher-cost private debt.
The resulting $7.5 million recourse loan closed at a 6.25% fixed rate with a five-year term and 30-year amortization, providing the borrowers with a cleaner, lower-cost capital structure despite the zoning, insurance, and ownership complexities.
About FOCAL Advisory
At FOCAL, we are dedicated to empowering our clients through comprehensive real estate advisory services tailored to meet the complexities of today's market. We specialize in market analysis, due diligence, asset management, transaction support, and innovative financing solutions, so that each investment decision is strategic, data-driven, and aligned with our clients' long-term goals.
Every real estate project carries its own unique financing requirements. Our tailored financing solutions provide flexible, efficient, and strategic funding options aligned with the specific needs of each investment - drawing on a broad spectrum of capital sources, from institutional funds and CMBS to agencies, local banks, and private money lenders, on transactions nationwide.
Contact the capital markets team - Adam Dreyfuss (DRE 02243085, adam@focalinvest.com) and Tomer Sheelo (DRE 02144916, tomer@focalinvest.com) · (310) 929-6959 · 150 S Rodeo Drive, Suite 100, Beverly Hills, CA 90212.
All closed transactions · Capital Markets & Debt Advisory