CW Realty Secures $20.5M Construction Loan For Williamsburg Development Site

A development site located at 280 Meeker Ave. in Williamsburg has been involved in a recent transaction. The property boasts a total buildable square footage (BSF) of 57,500. The deal was orchestrated by CW Realty, whose representative is Cheskie Weisz.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $20,500,000
• Lender: Bank of Princeton
• Loan Type: Construction loan
• Loan Terms: 4.5% Rate

The loan for this transaction, amounting to $20,500,000, was procured from the Bank of Princeton. The construction loan offers a favorable interest rate of 4.5%. Leah Paskes, Pinchas Vogel, and Michael Wittow of Landstone Capital played a pivotal role as brokers in facilitating this deal alongside CW Realty.