North Sea Holdings Provides $6.6M Loan For Development Site In Jamaica

The development site located at 87-37 Palermo Street in Jamaica, with a zoning designation of R1-2, was involved in a recent closed transaction. The loan image, provided by Joseph Hach, depicts the property under discussion. The deal, which took place on 10/02/2020, involved a loan amount of $6,600,000 from North Sea Holdings. Steve Cheung acted as the landlord in this transaction. The property was represented by brokers Joe Hach and Andrew Schnissel from Leviathan Capital.

Summary of transaction details

• Property Type: Land
• Transaction Amount: $6,600,000
• Address: 87-37 Palermo Street
• Market: Jamaica
• Asset Type: Development site
• Zoning: R1-2

The key individuals involved in this deal were Steve Cheung, who served as the landlord, and brokers Joe Hach and Andrew Schnissel from Leviathan Capital. They represented the parties involved in the transaction and facilitated the successful closing.