Alma Bank Provides $2.75 Million Refinance Loan For Mixed-Use Property In Sheepshead Bay

The property asset involved in this transaction is a mixed-use building located at 2500 Coney Island Avenue in Sheepshead Bay, Brooklyn. The asset encompasses a total square footage of 7,200 and is associated with a refinance loan amount of $2,750,000.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $2,750,000
• Lender: Alma Bank
• Brokers: Chaim Tessler & Ariel Forman - Meridian Capital Group
• Date: 07/11/2024

Chaim Tessler and Ariel Forman are the brokers representing the deal through Meridian Capital Group, facilitating the refinance process for the property in question.