The asset involved in this transaction is a mixed-use property located at 129 Church Street in New Haven, CT. The total square footage of the property is 93,000. A bridge loan of $21,180,000 was secured for this property, with the Kriss Capital portion being $17,500,000 and an additional $3,680,000 generated from Historic Tax Credits, which were arranged alongside the financing.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $21,180,000
• Loan Type: Bridge
• Lender: Jody Kriss, Harvey Lederman, Mark Luehring Jones & Nicholas Solomon - Kriss Capital
• Landlord: Isaac Shaer
• Broker: Adrian Edery - Paradigm Commercial Real Estate

Adrian Edery facilitated the completion of the construction loan through Kriss Capital and coordinated the arrangement of the Historic Tax Credits, totaling to a combination of Federal and State funds. The collaboration involved multiple key individuals from Kriss Capital, showcasing a significant effort in securing the necessary financing and tax benefits for the asset.