Bank Of Hope Provides $10M Refinance Loan For Williamsburg Mixed-Use Property On Morgan Ave

The subject site involved in this transaction is a mixed-use property located at 186-200 Morgan Ave in Williamsburg. The property spans approximately 99,000 square feet and consists of several industrial structures, including a Cement mixery and dock walls that run through Newton Creek.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $10,000,000
• Address: 186-200 Morgan Ave
• Market: Williamsburg
• Square Footage: 99,000

The lender in this transaction is Bank of Hope, providing a refinance loan of $10,000,000. Adrian Edery & Michael Ryback from Paradigm Commercial Real Estate represented the parties involved in this deal.

Please note that the current lot size of the property is 99,000 square feet, with 198,000 square feet of buildable square footage.