First Republic Bank Provides $4M Construction Loan For 13-Unit Multifamily Property In Brooklyn, NY

Located at 11 Lewis Ave. in Brooklyn, NY, this multifamily property consists of 13 units. The property was involved in a closed transaction.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,000,000
• Loan Type: Construction

The lender for this transaction was First Republic Bank. The landlord, Solomon Equities, represented by Paul Matalon, was involved in the deal. The brokers, David Oheb and Max Jacobson, of Meridian Capital Group, facilitated the transaction on behalf of the parties involved.

Note from the broker: Meridian Capital Group is America's most active real estate finance and advisory firm. In 2021, they closed over $55 billion in financing across various property types. Meridian represents prominent real estate investors and developers.

For more information on how Meridian can add value to your portfolio, please contact David Oheb at 212-612-0193 or [email protected].