Mercury Capital Markets Arranges $4.25M Loan For Mixed-Use Property In Brooklyn

Located in Brooklyn, the mixed-use property at 320 Court St has recently undergone a closed transaction. The deal was facilitated by Eric Gleitman from Mercury Capital Markets, representing the buyer, and Seth Weissman from UrbanStandard Cap acting as the landlord. The loan for this transaction was provided by Colorado Federal Savings Bank for a total amount of $4,250,000.

Summary of transation details

• Property Type: Mixed-Use
• Date: 04/01/2019
• Address: 320 Court St, Brooklyn
• Lender: Colorado Federal Savings Bank
• Landlord: Seth Weissman @urbanstandardcap
• Broker: Eric Gleitman – Mercury Capital Markets
• Loan Amount: $4,250,000

This cash-out refinance deal includes a one-year interest-only period, providing financial flexibility to the buyer. Additional details regarding the property or the individuals involved in the transaction were not provided.