Fort Amsterdam Capital Provides $42M Loan For Condo In Clinton Hill, Brooklyn

Located in the desirable neighborhood of Clinton Hill, Brooklyn, this condominium property at 475 Washington Avenue is a notable real estate transaction. The transaction took place on January 15, 2021, and involved a loan amount of $42,065,000. Spanning an impressive 65,000 square feet, this condo presents a lucrative investment opportunity in the market.

Summary of transation details

• Property Type: Condo
• Transaction Amount: $42,065,000
• Address: 475 Washington Avenue, Clinton Hill, Brooklyn
• Market: Clinton Hill, Brooklyn
• Asset Type: Condo
• Square Footage: 65,000

The lender for this transaction was Fort Amsterdam Capital, represented by David Schwartz and Evan O'Connor. The loan was facilitated by brokers Jonathan Aghravi, Charles Han, and Eli Terry from JBA Equities. Their expertise and experience played a crucial role in ensuring the successful completion of this deal. Their hard work and dedication are commendable in navigating the complex process of securing a substantial loan for this remarkable condominium property.

This transaction exemplifies the vibrant real estate market in Clinton Hill, Brooklyn, attracting both investors and potential residents looking for a high-end condominium property. The involvement of Fort Amsterdam Capital, along with the expertise of brokers Jonathan Aghravi, Charles Han, and Eli Terry, showcases the successful collaboration between financial institutions and real estate professionals to facilitate lucrative transactions like this one.