Stormfield Capital Provides $6.75M Bridge Loan For Mixed-Use Property In Brooklyn

The property involved in this closed transaction is a mixed-use asset located at 500 Nostrand Avenue in Brooklyn. It spans a total area of 61,380 square feet. The transaction took place on 01/06/2023.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $6,750,000
• Lender: Stormfield Capital - Kyle Shea & Callahan T. Healy
• Landlord: Alhambra Associates
• Broker: Marcus & Millichap
• Loan Type: Bridge

The lender, Stormfield Capital, provided a bridge loan of $6,750,000 for the transaction. The property's landlord is Alhambra Associates, and the deal was facilitated by Marcus & Millichap. Kyle Shea and Callahan T. Healy of Stormfield Capital acted as the lenders' representatives in this transaction.