PIMCO Provides $84M Mezzanine Loan For Industrial Property In NYC

The industrial property located at 2505 Bruckner Boulevard in New York City has been involved in a closed transaction. The property is owned by Innovo Property Group and Affinius Capital. The deal was brokered by Gideon Gil, Lauren Kaufman, Zachary Kraft, and Dale Braverman from Cushman & Wakefield. The loan for this transaction was provided by PIMCO for a total amount of $84,000,000. It is important to note that the loan type for this transaction is mezzanine.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $84,000,000
• Address: 2505 Bruckner Boulevard, New York City
• Market: New York City

This transaction involved the collaboration between the property owners, Innovo Property Group and Affinius Capital, and the lender, PIMCO. The deal was facilitated by the brokerage team from Cushman & Wakefield, including Gideon Gil, Lauren Kaufman, Zachary Kraft, and Dale Braverman. Their expertise and representation played a crucial role in the successful completion of this transaction.