Oliver Saint Cloud Of Ollie 1635 LLC Provides $3M Equity Loan For 1151 Loring Avenue Development

The property involved in this transaction is a development site located at 1151 Loring Avenue in Brooklyn. It has a buildable square footage of 150,000 and a total area of 200,000 square feet. The loan amount secured for this development site is $3,000,000, categorized as an equity loan with a term of 5 years.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $3,000,000
• Address: 1151 Loring Avenue
• Market: Brooklyn
• Asset BSF: 150,000
• Asset SF: 200,000
• Lender: Oliver Saint Cloud - Ollie 1635 LLC
• Landlord: Marc Alexander - M&A Holdings
• Landlord's Representative: Sachin Surujpaul - JRS Realty Management
• Lender's Representative: Kevin Jugmohan - JRS Realty Management

Key individuals in this transaction include Oliver Saint Cloud, who represents the lender, Ollie 1635 LLC, and Marc Alexander, who represents the landlord through M&A Holdings. The transaction was facilitated by Sachin Surujpaul and Kevin Jugmohan, both representing JRS Realty Management in their respective roles.