FINANCEDDevelopment Site
Northwind Group Provides $21,000,000 Acquisition Loan For Development Site At 150 Green Street
150 Green Street
$20,600,000
Building Size
—
Asset Type
Development Site
Closing
Jun 29, 2026
AI
The asset involved in this transaction is a development site located at 150 Green Street in Brooklyn. The loan amount for this acquisition is $21,000,000, facilitated by the lender, Northwind Group. The property is intended for developmental purposes, although specific characteristics beyond its intended use are not detailed.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $21,000,000
- Lender: Northwind Group
- Landlord: Investmates
- Loan Type: Acquisition
Key individuals involved in this transaction include Ran Eliasaf and Michael Ainbinder. They represent the parties in this deal, connecting the lender with the landlord effectively to finalize the acquisition loan.
Players
Northwind GroupLender
Market Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93