Abraham Brach Secures $15M Construction Loan For Development Site In Williamsburg

Located at 314 Rutledge Street in Williamsburg, Brooklyn, is a development site spanning 42,221 square feet. Abraham Brach, represented by Sig 314 Rutledge LLC, recently secured a $15 million construction loan from Levon Capital for the development of a new building on the property.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $15,000,000
• Market: Williamsburg, Brooklyn
• Lender: Levon Capital
• Landlord: Abraham Brach
• Loan Type: Construction

The construction loan was facilitated by Levon Ny Lxxiii LLC, ensuring the smooth execution of the financing for the future development. Abraham Brach has successfully taken a significant step towards the realization of a new building project at 314 Rutledge Street with the financial backing from Levon Capital.