Dime Community Bank Provides $16.5M Construction Loan For Mixed-Use Property In Borough Park

The mixed-use property located at 3920 15th Avenue in Borough Park, Brooklyn, was involved in a recent transaction. The property serves a variety of purposes and sits in a bustling market area.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $16,500,000
• Lender: Dime Community Bank
• Brokers: Abe Greenhut - GreenRock Funding LLC & Moshe Hirsch - The Capital H
• Loan Type: Construction
• Loan Terms: 18 Months

The deal was facilitated by brokers Abe Greenhut from GreenRock Funding LLC and Moshe Hirsch from The Capital H. These individuals played key roles in securing the construction loan for the property.