Stormfield Capital Provides $2.21M Acquisition Loan For Mixed-Use Property In Williamsburg, Brooklyn

The mixed-use property located at 222 Manhattan Avenue in Williamsburg, Brooklyn has recently undergone a closed transaction. The property spans 4,867 square feet, making it a versatile asset in the market.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $2,210,000
• Date: 01/19/2022
• Address: 222 Manhattan Avenue
• Market: Williamsburg, Brooklyn
• Loan Type: Acquisition
• Loan Amount: $2,210,000
• Loan Terms: 80% of the acquisition, plus capex
• Lender: Stormfield Capital
• Landlord: Dimerys Paulino Santos & Johnny Cruz
• Broker: Sage Usher - Leviathan Capital

Sage Usher from Leviathan Capital played a key role in the transaction as the broker representing the buyer or seller. Their expertise and connections in the market helped facilitate the deal.