Valley National Bank Provides $14M Construction Loan For Mixed-Use Property In Williamsburg, Brooklyn

The property involved in this transaction is a mixed-use building located at 717 Grand Street in Williamsburg, Brooklyn. The property has a total square footage of 25,215. The loan for this transaction was provided by Valley National Bank, with Oren Saperstein and Roger Rofe representing the bank. Guy Peleg is the landlord of the property.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $14,000,000
• Address: 717 Grand Street
• Market: Williamsburg, Brooklyn

Oren Saperstein and Roger Rofe from Valley National Bank acted as representatives of the lender in this transaction. The loan amount for this deal was $14,000,000, and it was a construction loan.