Bank Leumi Provides $30M Acquisition Loan In Prospect Heights Development Site Transaction

1050 Pacific Street, 643 Classon Ave., and 953 Dean St. in Prospect Heights have been acquired through an acquisition loan of $30,000,000. The development site, facilitated by Bank Leumi, will be under the ownership of Clipper Equity represented by David Bistricer. Landstone Capital Group, with brokers Leah Paskus and Pinchas Vogel, assisted in the transaction.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $30,000,000
• Lender: Bank Leumi - Jeff Puchin
• Landlord: Clipper Equity - David Bistricer
• Brokers: Leah Paskus & Pinchas Vogel - Landstone Capital Group

Bank Leumi, with Jeff Puchin as the representative, provided the acquisition loan for the properties. Additionally, Clipper Equity, represented by David Bistricer, acted as the landlord. The deal was facilitated by brokers Leah Paskus and Pinchas Vogel from Landstone Capital Group.