Treetop Companies Secures $21 Million Bridge Loan For Distribution Center In Middletown

The property involved in this transaction is fully entitled land designated for a distribution center, located at 45 Sullivan Lane in Middletown. The asset comprises a total square footage of 1,358,000 and is associated with a loan amount of $21,000,000 utilizing a bridge loan type.

Summary of transaction details:

• Property Type: Fully entitled land
• Transaction Amount: $21,000,000
• Address: 45 Sullivan Lane
• Market: Middletown
• Asset Type: Distribution Center
• Square Footage: 1,358,000
• Lender: Nir Mor, Isaac Abraham & Rami BenYehuda - Hanover CapitalNY
• Borrower: Treetop Companies - Adam Mermelstein & Azi Mandel
• Brokers: Andrew Liebhard & Meir Bienenfeld - Meridian Capital Group

This transaction has key participation from Nir Mor, Isaac Abraham, and Rami BenYehuda who represent Hanover CapitalNY as the lender. The borrowing entity, Treetop Companies, is represented by Adam Mermelstein and Azi Mandel, highlighting the distinct roles of the involved parties in securing the loan for this project.