Domain Companies And Vorea Group Secure $127.6M Loan From U.S. Bank For Gowanus Development

A development site located at 540 Degraw Street in Gowanus, Brooklyn, comprises 242,500 square feet. The property has secured a construction loan amounting to $127,600,000 from U.S. Bank.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $127,600,000
• Address: 540 Degraw Street
• Market: Gowanus, Brooklyn
• Asset Size: 242,500 BSF
• Lender: U.S. Bank
• Landlord: Matthew Schwartz - Domain Companies
• Landlord: Peter Papamichael - Vorea Group
• Company Involved: 545 Sackett LLC

Matthew Schwartz represents Domain Companies, while Peter Papamichael represents Vorea Group in this transaction, demonstrating collaboration between the two entities for the development project at the specified address.