Wells Fargo Provides $385M Loan For Mixed-use Property In Prospect Heights, Brooklyn

595 Dean Street, a mixed-use property located in Prospect Heights, Brooklyn, was involved in a recent transaction. The deal was finalized on July 15, 2021. The property is owned by TFCornerstone, a prominent landlord in the area. The transaction involved a loan amount of $385,000,000 provided by Wells Fargo, a well-known lender in the real estate industry.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $385,000,000
• Address: 595 Dean Street
• Market: Prospect Heights, Brooklyn
• Loan Provider: Wells Fargo
• Landlord: TFCornerstone

Frederick Elghanayan & K. Thomas Elghanayan played a key role in the transaction as the property owners. They were responsible for finalizing the deal with the assistance of their representative, TFCornerstone. Wells Fargo, represented by their lending team, provided the loan to facilitate the transaction.