First Central Savings Bank Provides $2.6M Land Loan For Development Site In Far Rockaway

The property located at 9-04 Seagirt Boulevard in Far Rockaway is a Development Site spanning 107,017 square feet with a buildable square footage of 100,000. The loan transaction involved in this deal was a refinance with a loan amount of $2,600,000 provided by First Central Savings Bank.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $2,600,000
• Address: 9-04 Seagirt Boulevard
• Market: Far Rockaway
• Asset Type: Development Site
• Buildable Square Footage: 100,000
• Square Footage: 107,017

The brokers who facilitated this loan transaction were Ariel Forman and Chaim Tessler from Meridian Capital Group. They played a crucial role in connecting the borrower with First Central Savings Bank for the refinance land loan. Ariel Forman and Chaim Tessler were instrumental in finalizing this pre-construction loan deal.