FINANCED
Urban Standard Capital Provides $34M Construction Loan For Prospect Lefferts Gardens Multifamily Project
625 New York Avenue & 447 Fenimore Street
MultiFamily
180,000 SF
180,000 SF
Financed 215 days ago
Summary
Loan
NEW YORK
MultiFamily
180,000 sqft
The recent closed transaction in Prospect Lefferts Gardens, Brooklyn involved a multifamily property with a total square footage of 90,000 and 52 units. The property, located at 625 New York Ave & 447 Fenimore Street, was the subject of a construction loan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $34,000,000
- Market: Prospect Lefferts Gardens, Brooklyn
- Address: 625 New York Ave & 447 Fenimore Street
- Square Footage: 90,000
- Units: 52
The lender for this transaction was Urban Standard Capital. They provided a construction loan amounting to $34,000,000. For all acquisition, bridge, and construction lending opportunities, interested parties were instructed to email Charlie Brosens ([email protected]) and Harrison Rowen ([email protected]).
Players
All
1
Lenders
1
Details
FINANCED
IMAGE: Harrison Rowen, Charlie Brosens, Bean, Seth Weissman & Jeremy Plofker
DATE: 09/28/2023
ADDRESS: 625 New York Ave & 447 Fenimore Street
MARKET: Prospect Lefferts Gardens, Brooklyn
ASSET TYPE: Multifamily ~ SF: 90,000 ~ UNITS: 52
LENDER: Urban Standard Capital (@USC_NYC)
LOAN AMOUNT: $34,000,000
LOAN TYPE: Construction
NOTE FROM LENDER: For all acquisition, bridge, and construction lending opportunities, email Charlie Brosens ([email protected]) & Harrison Rowen ([email protected]).View on map
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Address625 New York Avenue & 447 Fenimore Street
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