Daniel Kaykov Of Poise Property Group Secures $22.1 Million Construction Loan From Preferred Bank

The asset involved in this transaction is a development site located at 259 22nd Street in Greenwood Heights, Brooklyn. This site is designated for a new residential project that will consist of 40 units. The loan amount secured for this construction project is $22,100,000, provided by Preferred Bank.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $22,100,000
• Address: 259 22nd Street
• Market: Greenwood Heights, Brooklyn
• Units: 40
• Lender: Preferred Bank
• Landlord: Daniel Kaykov - Poise Property Group
• Loan Type: Construction

Daniel Kaykov, representing Poise Property Group, is the landlord involved in this transaction. Poise Property Group has secured financing through Preferred Bank specifically for the construction of the residential project on the development site mentioned.