Located at 1898 Pacific Street in Brooklyn, New York, this multi-family property was recently involved in a closed transaction. The property, owned by Pacific Street Properties Corp., spans 10,000 square feet and comprises 12 units.

Summary of transaction details

• Property Type: Multi Family
• Transaction Amount: $1,855,000
• Lender: Sabal Capital Partners
• Lender's Representative: Pat Jackson
• Landlord: Pacific Street Properties Corp.
• Broker: Abe Mann
• Brokerage Agency: Progress.Capital
• Loan Terms: 80% loan-to-value ratio, 3.74% fixed interest rate for 5 years, non-recourse

The deal was facilitated by Abe Mann of Progress.Capital, representing the buyer or seller in the transaction. Pat Jackson, from Sabal Capital Partners, acted as the lender in this transaction.