Richard Zavlyanov Secures $4 Million Construction Loan From Ponce Bank For Development Site In Jamaica

The property asset involved in this transaction is a development site located at 177-44 129th Avenue in Jamaica, featuring a building square footage of 4,800 and a total buildable square footage of 14,500.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $4,000,000
• Market: Jamaica
• Lender: Ponce Bank
• Developer: Richard Zavlyanov
• Loan Type: Construction
• Loan Terms: 8.5% Fixed

The key individuals involved in the deal include Richard Zavlyanov, who is the developer, and Ponce Bank, serving as the lender for the construction loan. This transaction highlights the financing terms established between the parties for the development project.