GreenRock Funding LLC Provides $16M Construction Loan For Mixed-Use Property In Williamsburg, Brooklyn

The mixed-use property located at 65 Eckford Street in Williamsburg, Brooklyn has recently undergone a closed transaction. The property spans across 25,834 square feet and is owned by Abraham Posner. A construction loan of $16,000,000 was secured for this property.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $16,000,000
• Address: 65 Eckford Street, Williamsburg, Brooklyn
• Market: Williamsburg, Brooklyn
• SF: 25,834
• Landlord: Abraham Posner
• Broker: Elya Kahn - GreenRock Funding LLC
• Loan Type: Construction
• Loan Terms: 2 years IO fixed rate

GreenRock Funding LLC, represented by Elya Kahn, acted as the broker in this transaction. The loan secured for this property is a construction loan with a term of 2 years and an interest-only fixed rate.