Lloyd Properties & Kadima Properties Secure $11.4M Acquisition Loan From Derby Copeland In Boerum Hill

The transaction involves multiple properties located at 538 Pacific Street, 555 Pacific Street, 540 Pacific Street, 542 Pacific Street, 557 Pacific Street, and 255 Dean Street in Boerum Hill. The total square footage of the asset is 22,000. An acquisition loan of $11,400,000 has been secured for this multifamily property.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $11,400,000
• Lender: Derby Copeland
• Landlord: Lloyd Properties & Kadima Properties
• Broker Representatives: Max Ralby & Daniel Fromm - Newmark

The deal marks a significant engagement between the involved parties, showcasing the collaboration of Lloyd Properties and Kadima Properties as landlords in this multifamily acquisition. The representation by brokers Max Ralby and Daniel Fromm from Newmark highlights the expertise brought into the transaction process.