Marin Management borrows $14M from Santander Bank for multifamily property in East Village

Abraham Marin of Marin Management through the entity 536 East 5th Street Equities Inc. as borrower signed a loan agreement with lender Santander Bank valued at $14.3 million for 2 parcels, including the tax class multifamily, more than six families with stores (C7) and containing 44 residential units at 536 East 5th Street, 540 East 5th Street in East Village. The deal closed on January 24, 2020 and was recorded on January 30, 2020.

The average loan per unit is $325,455.

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