Allure Group & Landpex Development Secure $87.4M Loan For Gravesend Dev Site

The property involved in this closed transaction is a development site located at 2218-2230 Cropsey Ave. in the Gravesend market. The transaction took place on 04/16/2021 and the property is owned by Allure Group & Landpex Development. The asset type is a development site, and it consists of approximately 240 units. The loan amount for this transaction was $87,400,000, and the lender involved in the deal is Bank Leumi.

Summary of transaction details

• Property Type: Development site
• Transaction Amount: $87,400,000
• Date: 04/16/2021
• Address: 2218-2230 Cropsey Ave.
• Market: Gravesend
• Asset Type: Development site
• Units: 240 (approx.)

Joel Landau is the representative for the lender, Bank Leumi, in this transaction. No additional information regarding the key individuals and companies involved in this deal is available.