George Giannopoulos Of Kings Capital Secures $3.5 Million Construction Loan For Development Site In Brooklyn

The property asset involved in the context is a development site located at 218 23rd Street, Brooklyn. This site has a buildable square footage (BSF) of 6,094 square feet and is associated with a construction loan amounting to $3,500,000 from Derby Copeland.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $3,500,000
• Address: 218 23rd Street
• Market: Brooklyn
• Asset Type: Development Site
• Lender: Derby Copeland
• Landlord: George Giannopoulos - Kings Capital
• Brokers: Farrukh Hasanov & Farkhad Hasanov - F2H Capital Group
• Loan Type: Construction

The deal is represented by brokers Farrukh Hasanov and Farkhad Hasanov from F2H Capital Group. Kings Capital, led by George Giannopoulos, has executed this transaction to secure financing for a ground-up boutique condo development and is actively seeking similar development sites and joint ventures in Brooklyn and Manhattan.