Spring Bank Provides $5.75M Refinance Loan For Sunset Park Hotel

646 39th St Brooklyn, NY 11232, USA

$5,750,000

$230/SF

Building Size

25,000 SF

Asset Type

Hotel

Closing

Aug 2, 2023

AI

The property involved in the transaction is a hotel located at 646 39th Street in the Sunset Park neighborhood of Brooklyn. The hotel has a total area of 25,000 square feet.

Summary of transaction details

Property Type: Hotel
Transaction Amount: $5,750,000
Lender: Spring Bank
Brokers: Isaac Blyakher - Refined & Annie Zhang
Loan Type: Refinance

In the deal, Spring Bank provided a loan of $5,750,000 for the refinance of the hotel property located at 646 39th Street. Isaac Blyakher from Refined and Annie Zhang were involved as brokers representing the parties in the transaction.

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