Meridian Capital Group Secures $68M Construction Loan For Gowanus Multifamily Property

The multifamily property located at 125 3rd Street in Gowanus, Brooklyn spans 134,500 square feet and includes 130 units. It also features 12,750 square feet of retail space. The property owners are Joel Wertzberger and Konstantin Gubareff. The loan for this asset amounted to $68,000,000, specifically designated for construction purposes.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $68,000,000
• Market: Gowanus, Brooklyn
• Units: 130
• Landlord: Joel Wertzberger & Konstantin Gubareff
• Broker: Morris Betesh & Omar Ferreira - Meridian Capital Group

The loan for the multifamily property was secured with the assistance of brokers Morris Betesh and Omar Ferreira from the Meridian Capital Group. The individual borrowers involved in this deal are not specifically mentioned in the provided context.