Eli Ben-Meir Of Arion Fund Provides $2,520,000 Bridge Loan For Mixed-Use Property In Brooklyn

The property asset involved in this transaction is a mixed-use building located at 436 4th Avenue in Brooklyn. The asset comprises a total of 4,500 square feet and consists of 6 units, with 2 commercial spaces and 4 residential units.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $2,520,000
• Address: 436 4th Avenue
• Market: Brooklyn
• Units: 6 (2 Commercial & 4 Residential)
• Lender: Eli Ben-Meir - Arion Fund
• Borrower: Arie Zimmerman
• Loan Type: Bridge
• Loan Amount: $2,520,000
• Construction Facility: Yes, for renovation of all units
• Financed Percentage: 79.17% of the purchase

This transaction features Eli Ben-Meir from Arion Fund as the lender, who facilitated financing through a bridge loan. The borrower, Arie Zimmerman, is leveraging this funding specifically for the purchase and rehabilitation of the mixed-use asset.