Meridian Capital Group Arranges $25 Million Construction Loan For Williamsburg Condominium Project

The property asset involved is a 23-unit luxury condominium located at 179 North 10th Street in Brooklyn. The condo has a building square footage (BSF) of 44,310 and a saleable floor area of 28,720,000. The construction financing for this project has been arranged for a total amount of $25,000,000.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $25,000,000
• Address: 179 North 10th Street
• Market: Brooklyn
• Asset Square Footage: 44,310 BSF
• Development Size: 23 units
• Lender: Castellan Real Estate Partners
• Broker Representatives: Eliezer Finkel, Rael Gervis, Scott Miller & Dovid Kaufman - Meridian Capital Group
• Loan Type: Construction Loan

The financing deal was negotiated by a team from Meridian Capital Group, including Rael Gervis, Scott Miller, Eliezer Finkel, and Dovid Kaufman. They delivered flexible and competitive financing solutions aligned with the sponsor’s timeline and development vision. Note from Broker includes information stating "Fueling the Future of Williamsburg Living!"