Delshah Capital Secures $70M Refinance Loan For South Slope, Crown Heights, And Bedford Stuyvesant Properties

Located in South Slope, Crown Heights, and Bedford Stuyvesant neighborhoods of Brooklyn, a package deal comprising 219 13th Street, 802-808 Prospect Place, and 236 Howard Avenue has been successfully closed. The total square footage of this transaction amounts to 196,403. Delshah Capital, represented by Michael Shah, acted as the landlord in this deal, while Signature Bank provided the financing. Zachary Bermudez represented Signature Bank as the lender's representative.

Summary of transaction details:

• Property Type: Package Deal
• Transaction Amount: $70,000,000
• Address: 219 13th Street, 802-808 Prospect Place, 236 Howard Avenue
• Market: South Slope, Crown Heights & Bedford Stuyvesant, Brooklyn
• Asset Type: Package Deal
• Square Footage: 196,403

The loan provided by Signature Bank amounted to $70,000,000 and was used for refinancing purposes. This successful deal highlights the collaboration between Delshah Capital, led by Michael Shah, as the landlord, and Signature Bank, together with their representative, Zachary Bermudez. The package deal involving properties in three Brooklyn neighborhoods demonstrates the strength and growth of the real estate market in the area.