Mission.Capital Brokers Arrange $17.8M Loan For Development Site In Red Hook, Brooklyn

The development site located at 147-171 King Street in Red Hook, Brooklyn has been involved in a recent closed transaction. The property, which spans an undisclosed amount of square footage, was sold for a loan amount of $17,861,576. The asset type of the property is a development site, indicating its potential for future construction and development.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $17,861,576
• Lender: Santander Bank
• Landlord: The Carlyle Group & Sabharwal Properties
• Brokers: Jordan Ray, Steven Buchwald, Daniel Azizi @Mission.Capital

The deal involved the participation of various key individuals and companies. Jordan Ray, Steven Buchwald, and Daniel Azizi from Mission.Capital acted as brokers in the transaction, representing the parties involved. The landlord of the property is The Carlyle Group and Sabharwal Properties, while Santander Bank provided the loan for the transaction.