Scott Avram & Jason Halpern Landlords Secure $55 Million Pre Development Loan In Greenwich Village

The asset involved is a development site located at 113 East 12th Street in the Greenwich Village market. The property encompasses a total square footage of 56,656. The transaction pertains to a pre-development loan with a significant amount of $55,000,000, structured for a term of 3 + 1 years.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $55,000,000
• Loan Type: Pre development loan
• Loan Terms: 3 + 1 Years
• Lender: Jason Behfarin & Robyn Sorid - G4 Capital Partners
• Landlord: Scott Avram & Jason Halpern
• Brokers: Drew Anderman & AJ Bruno - CBRE

This transaction involves key individuals such as Jason Behfarin and Robyn Sorid, representing G4 Capital Partners as the lenders. The landlords in this deal are Scott Avram and Jason Halpern, demonstrating the collaborative efforts among significant players in the real estate market. The brokerage representation is provided by Drew Anderman and AJ Bruno from CBRE, showcasing their role in facilitating the transaction.