Bank OZK And CanAm Enterprises Provide $108.15M Construction Loan For Bushwick Multifamily Property

The multifamily property located at 12 Halsey Street in Bushwick, Brooklyn has been involved in a recent loan transaction. The property spans over 228,674 square feet and consists of 240 units. The transaction took place on 12/07/2023.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $108,150,000
• Lender: Bank OZK & CanAm Enterprises
• Landlord: Hope Street Capital & EJS Group
• Brokers: Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Michael Diaz & Sean Bastian - Walker & Dunlop
• Loan Type: Construction

The loan amount for this transaction was $108,150,000 and it was provided by Bank OZK and CanAm Enterprises. The landlords involved in the deal are Hope Street Capital and EJS Group. Representing the transaction were brokers Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Michael Diaz, and Sean Bastian from Walker & Dunlop.