Argentic Real Estate Finance Provides $32M Refinance Loan For Mixed-Use Property In Downtown Brooklyn

Located in Downtown Brooklyn, the mixed-use property situated at 384-390 Fulton Street has recently undergone a significant transaction. Spanning a total area of 475,000 square feet, this property offers a diverse range of uses and amenities, making it a valuable asset in the market.

Summary of Transaction Details

• Property Type: Mixed-use
• Transaction Amount: $32,000,000
• Address: 384-390 Fulton Street
• Market: Downtown Brooklyn

In the loan transaction, the borrower secured financing through Argentic Real Estate Finance. The loan amount of $32,000,000 was obtained for the purpose of refinancing the property, providing the borrower with financial flexibility and potential cost savings.

Serving as the landlord for the property is Sutton Management, led by Sam Sutton and Abe Sutton. Their role in the transaction showcases their continued involvement and commitment to the property's success.