facebook
Traded Co logo
Submit a Deal
738-742, 752, 758, 804, 820 & 850 Nostrand Avenue
FINANCED

Deutsche Bank Provides $14.5M Refinance Loan For Mixed-Use Property In Brooklyn

738-742, 752, 758, 804, 820 & 850 Nostrand Avenue

Mixed-use
253,988 SF
clock iconFinanced 79 days ago
Brian Anderson
Eddie Miro
the dealplayerscompscontact
share iconContact now

Summary

Loan
NEW YORK
Mixed-use
253,988 sqft

The property located at 738-742, 752, 758, 804, 820 & 850 Nostrand Avenue in Brooklyn is a mixed-use asset spanning 36,284 square feet. The property was subject to a refinancing deal with a loan amount of $14,500,000 provided by Deutsche Bank. The landlord of the property is David Bowen, and the deal was facilitated by brokers Brian Anderson and Eddie Miro from Progress Capital. The loan terms included a fixed rate of 6.65% for 5 years.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $14,500,000
  • Address: 738-742, 752, 758, 804, 820 & 850 Nostrand Avenue, Brooklyn
  • Market: Brooklyn
  • Loan Type: Refinance
  • Loan Terms: 6.65% Fixed for 5-Years

Brian Anderson and Eddie Miro from Progress Capital played crucial roles as brokers in the transaction, representing the parties involved in the refinancing deal. Notably, Deutsche Bank provided the substantial loan amount, showcasing confidence in the property's potential and market value as a mixed-use asset in Brooklyn.

Players

  • All

    3

  • Agents

    2

  • Agencies

    1

Brian Anderson's profile picture
Brian Anderson
Progress Capital-image
Managing Director
Eddie Miro's profile picture
$62.2M Sold

Details

Deal Summary
minus icon
FINANCED
IMAGE: Brian Anderson DATE: 03/01/2024 ADDRESS: 738-742, 752, 758, 804, 820 & 850 Nostrand Avenue MARKET: Brooklyn ASSET TYPE: Mixed-use ~ SF: 36,284 LENDER: Deutsche Bank LANDLORD: David Bowen BROKERS: Brian Anderson & Eddie Miro (@Eddie_Miro) - Progress Capital (@Progress.Capital) LOAN AMOUNT: $14,500,000 LOAN TYPE: Refinance LOAN TERMS: 6.65% Fixed for 5-Years

View on map

Loading...

Address738-742, 752, 758, 804, 820 & 850 Nostrand Avenue

Comparables

No listingsThis user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want