Bank Of America Provides $388.4M Construction Loan For Multifamily Property On Fulton Street

547-557 Fulton Street, a multifamily property located in Downtown, was recently involved in a closed transaction. With a square footage of 448,000, this property offers ample space for residents.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $388,400,200
• Lender: Bank of America
• Landlord: Witkoff - Steve Witkoff & Scott Alper; Apollo Commercial Real Estate Finance - Ben Gray & Scott Weiner
• Brokers: Aaron Appel, Jonathan Schwartz, Keith Kurland & Adam Schwartz - Walker & Dunlop

The deal was financed by a construction loan from Bank of America. The loan amount for this transaction was $388,400,200. The brokers representing the deal were Aaron Appel, Jonathan Schwartz, Keith Kurland, and Adam Schwartz from Walker & Dunlop. Additionally, the landlords involved in this transaction were Steve Witkoff and Scott Alper of Witkoff, along with Ben Gray and Scott Weiner of Apollo Commercial Real Estate Finance.