Bank United Provides $12.75M Acquisition Loan For Warehouses On Anthony Street In Brooklyn

The property asset involved in this transaction is a collection of warehouses located at 15, 19, 23 & 35 Anthony Street in Brooklyn. The total square footage of the industrial asset is 32,540. The acquisition was executed for a total price of $13,750,000, with a loan amounting to $12,750,000 secured from Bank United, featuring a five-year fixed-rate loan at 6.55% with 25 years amortization.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $13,750,000
• Loan Amount: $12,750,000
• Loan Type: Acquisition
• Loan Terms: 5 Years Fixed Rate @ 6.55%, 25 Years Amortization
• Address: 15, 19, 23 & 35 Anthony Street
• Market: Brooklyn
• Lender: Bank United
• Broker: Jason Au - Au Consultants Inc

Jason Au successfully arranged the acquisition loan for a user to purchase nearly an entire block of warehouses in Greenpoint, Brooklyn. The brokerage firm involved in this transaction is Au Consultants Inc, represented by Jason Au.