Bank Hapoalim Provides $36.2M Construction Loan For Development Site On Vanderbilt Ave

A construction loan in the amount of $36,240,000 has been secured for a development site located at 134 Vanderbilt Avenue in Fort Greene, Brooklyn. The loan, provided by Bank Hapoalim, will be used to finance the construction of the project.

Summary of transaction details:

• Property Type: Development Site
• Loan Amount: $36,240,000
• Loan Type: Construction

Meridian Capital Group represented the parties involved in this transaction. Adam Hakim, James Murad, and David Baker from Meridian Capital Group acted as the brokers for the deal.