The closed transaction involves a mixed-use property located at 150 Lawrence Street in Downtown Brooklyn. The property is a 25-story building that consists of 110 residential units and 1 commercial unit, covering a total area of 100,000 square feet.

Summary of Transaction Details

• Property Type: Mixed-use (25 Story Building; 110 residential Units & 1 Commercial) ~ SF: 100,000
• Loan Amount: $55,000,000
• Loan Type: Construction
• Loan Terms: 30 months fixed rate
• Lender: Ponce Bank - Yanni Kouzilos, Doug Romero & Sandra Viera
• Landlord: Solomon Schwimmer
• Broker: Greenrock Funding - Abe Greenhut

The loan amount for this transaction is $55,000,000, and it is of construction type. The loan has a fixed rate and is set for a term of 30 months. The lender involved in this deal is Ponce Bank, represented by Yanni Kouzilos, Doug Romero, and Sandra Viera. The landlord for the property is Solomon Schwimmer. The broker facilitating the transaction is Abe Greenhut from Greenrock Funding.