BridgeCity Capital Provides $20M Loan For Development Site In East Williamsburg

The mixed-use and development site located at 66 Gerry Street and 25 Bartlett Street in East Williamsburg has an associated loan amount of $20,000,000. The property presents opportunities for diverse usage, indicative of its mixed-use classification.

Summary of transaction details:

• Property Type: Mixed-use & Development Site
• Transaction Amount: $20,000,000
• Lender: BridgeCity Capital
• Landlord: Abraham Brach

Allan Lebovits and Louis Lebovits were involved in the transaction as its representatives, facilitating the loan arrangement for the involved parties in this deal.