Century Development Group Secures $69M Construction Loan For 11-36 45th Avenue Condominiums | 11-36 45th Avenue | Be Aviv | Omar Ferreira, Morris Betesh | Condo | Loan

Summary

Loan

NEW YORK

Condo

130,135 sqft

The property involved in this transaction is a condominium located at 11-36 45th Avenue in New York City. It spans a total area of 130,135 square feet. The transaction took place on May 25, 2023.

Summary of transaction details:

Property Type: Condominiums
Transaction Amount: $69,000,000
Address: 11-36 45th Avenue
Market: New York City
Lender: BHI - Mimi Vu & Ben Harlev - Be-Aviv
Landlord: Century Development Group - George Xu
Brokers: Morris Betesh & Omar Ferreira - Meridian Capital Group
Loan Type: Construction

The lender for this transaction was BHI, represented by Mimi Vu and Ben Harlev from Be-Aviv. The landlord in this deal was Century Development Group, represented by George Xu. The brokers involved in the transaction were Morris Betesh and Omar Ferreira from Meridian Capital Group.

Players

All
4

Agents
2
Agencies
1
Lenders
1

Omar Ferreira

Vice President

Morris Betesh

Senior Managing Director

$754.4M Sold

Meridian Capital Group

Be Aviv

Details

Deal Summary

FINANCED

IMAGE: George Xu, Ben Harlev, Morris Betesh, Mimi Vu & Omar Ferreira DATE: 05/25/2023 ADDRESS: 11-36 45th Avenue MARKET: New York City ASSET TYPE: Condominiums ~ SF: 130,135 LENDER: BHI - Mimi Vu & Ben Harlev - Be-Aviv LANDLORD: Century Development Group (@CenturyDevelopmentGroup) - George Xu BROKERS: Morris Betesh & Omar Ferreira (@OmarFerr)- Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $69,000,000 LOAN TYPE: Construction

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Address11-36 45th Avenue

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