A $30 million bridge loan has been secured for the acquisition of a development site and seven industrial buildings in Park Slope and Sunset Park, Brooklyn. The borrower, Gowanus Cubes LLC, will utilize the loan to fund the development and improvement of the properties. The exact address of the properties has not been disclosed.

Summary of transaction details:

• Property Type: Development Site & 7 Industrial Buildings
• Transaction Amount: $30,000,000
• Lender: Jake Soodek - Hirshmark Capital
• Borrower: Gowanus Cubes LLC
• Broker: Gregory Vassilakos - Cosmos Capital Group
• Loan Type: Bridge

The loan was arranged by Gregory Vassilakos of Cosmos Capital Group, who represented the borrower. Jake Soodek of Hirshmark Capital acted as the lender in the deal. The bridge loan will provide the necessary financing for Gowanus Cubes LLC to proceed with the development and renovation plans for the properties in Park Slope and Sunset Park, Brooklyn. The transaction highlights the importance of securing adequate funding for large-scale real estate projects.