Clipper Equities Secures $79M Construction Loan For Multifamily In Williamsburg, Brooklyn

Located at 118 Hope Street in Williamsburg, Brooklyn, this multifamily property transaction took place on May 13, 2021. The property consists of 143 units, providing a significant investment opportunity in the thriving Williamsburg market.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $79,000,000
• Address: 118 Hope Street
• Market: Williamsburg, Brooklyn
• Units: 143

Jeff Puchin of Bank Leumi acted as the lender in this transaction, providing a construction loan for the property. David Bistricer, representing Clipper Equities, served as the landlord. Leah Paskus from Landstone Capital Group played a pivotal role as the broker.

This deal showcases the collaboration between Jeff Puchin from Bank Leumi, David Bistricer of Clipper Equities, and broker Leah Paskus from Landstone Capital Group. With a substantial loan amount of $79,000,000, this construction loan sets the foundation for future development and growth in Williamsburg, Brooklyn.