Lloyd Properties Secures $1.475M Preferred Equity Loan For 23-Unit Multifamily In Brooklyn

177 Concord Street

$1,475,000

$67/SF

Building Size

22,000 SF

Asset Type

MultiFamily

Closing

Feb 21, 2025

AI

The asset involved in this transaction is a multifamily property located at 177 Concord Street in Brooklyn. It encompasses a total square footage of 22,000 and includes 23 units. The loan amount secured for this property is $1,475,000, categorized under preferred equity.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $1,475,000
Square Footage: 22,000
Units: 23
Address: 177 Concord Street
Market: Brooklyn
Lender: HudsonPoint Group
Lender Representatives: Jason Schottenfeld, Matthew Pazzaglini, Matt Sherr
Landlord: Lloyd Properties
Landlord Representative: David Lloyd
Loan Type: Preferred equity

The deal involves key individuals and firms such as HudsonPoint Group, represented by Jason Schottenfeld, Matthew Pazzaglini, and Matt Sherr, indicating their role in providing the financing for this transaction. Lloyd Properties, represented by David Lloyd, is the landlord associated with the multifamily property.

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