Urban Standard Capital Provides $34M Construction Loan For Prospect Lefferts Gardens Multifamily Project

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]).