Kent House owners refi Williamsburg rental after dodging foreclosure – Robert Khodadadian

, Kent House owners refi Williamsburg rental after dodging foreclosure – Robert Khodadadian, Robert Khodadadian

Williamsburg has chewed up and spit out more than its share of developers whose backs were against the wall when the market got tough. But the owners of the Kent House rental building, which a year ago looked like it was headed to foreclosure, have avoided that fate. Cheskie Weisz and Yaakov Klein refinanced their positions at the 96-unit building at 187 Kent Avenue with $115 million in new mortgages — a coda to the

 Williamsburg has chewed up and spit out more than its share of developers whose backs were against the wall when the market got tough. But the owners of the Kent House rental building, which a year ago looked like it was headed to foreclosure, have avoided that fate. Cheskie Weisz and Yaakov Klein refinanced their positions at the 96-unit building at 187 Kent Avenue with $115 million in new mortgages — a coda to the
The post Kent House owners refi Williamsburg rental after dodging foreclosure appeared first on New York.  Commercial Real Estate, Home Page, Bank of America, Multifamily Market, refinancing, Williamsburg The Real Deal New York 

Lead by real estate veteran Robert Khodadadian, has been instrumental in many multi-million dollar commercial developments, including a $12 million contract for the White House Hotel, a 99-year ground lease of a four-story commercial site in Harlem, and a retail co-op on Prince St. for $50 million.

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

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