Berkshire Group Provides $92.1M Loan For Multifamily Property In Midwood, Brooklyn

The multifamily property located at 1263 E. 14th St. in Midwood, Brooklyn has been involved in a recent loan transaction. The loan amount for this transaction was $92,080,000. The property spans a total area of 382,375 square feet and consists of 302 units. The zoning for this property is classified as R7A.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $92,080,000
• Address: 1263 E. 14th St.
• Market: Midwood, Brooklyn
• Zoning: R7A
• Loan: Berkshire Group
• Landlord: Hampshire Properties
• SF: 382,375
• Units: 302

Berkshire Group served as the lender for this loan transaction, while Hampshire Properties acted as the landlord. The loan transaction provides Hampshire Properties with the necessary capital to support the multifamily property at 1263 E. 14th St. in Midwood, Brooklyn. The involvement of these key individuals and companies highlights their roles in facilitating the financial aspects of this property deal.