Lorimer Capital Provides $72 Million Construction Loan For Mixed-Use Development In Williamsburg

83 Wythe Avenue is a 13-story, approximately 187,000-square-foot mixed-use project located in Williamsburg, Brooklyn. The transaction involves a $72 million construction loan facilitated by Lorimer Capital.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $72,000,000
• Lender: Lorimer Capital
• Landlord: Michael Weitzman & Jay Weitzman - Double U Development Realty
• Brokers: Richard Sutton, Max Lipner & Akiva Gottlieb - Parallel CRE

The development is undertaken by Double U Development, represented in this transaction by landlords Michael Weitzman and Jay Weitzman. The brokers facilitating this deal are Richard Sutton, Max Lipner, and Akiva Gottlieb from Parallel CRE.