Bank Of America Provides $388.4M Construction Loan For Mixed-Use Property In Brooklyn

A mixed-use property located at 565 Fulton Street and 547-557 Fulton Street in Brooklyn has been involved in a recent closed transaction. The property has a total square footage of 448,000 and consists of 591 units.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $388,400,000
• Market: Brooklyn
• Address: 565 Fulton Street, 547-557 Fulton Street
• Square Footage: 448,000
• Units: 591

The loan for this transaction was provided by Bank of America. The landlords involved in this deal are Steve Witkoff and Apollo Commercial Real Estate. The brokers who represented the parties were Aaron Appel and Keith Kurland from Walker & Dunlop. The loan type for this transaction is construction.