Meral Property Group & Loketch Group Acquire MultiFamily Property In Crown Heights, Brooklyn With $25.75M Construction Loan | 630 Grand Avenue | Morris Betesh, Alex Bailkin | MultiFamily | Loan

Summary

Loan

NEW YORK

MultiFamily

The property involved in this closed transaction is a multi-family asset located at 630 Grand Avenue in Crown Heights, Brooklyn. The deal was facilitated by Meral Property Group and Loketch Group, represented by Allan Lebovits, Louis Lebovits, Moishe Loketch, and Pinny Loketch. The brokers involved in the transaction were Morris Betesh and Alex Bailkin from Meridian Capital Group.

Summary of transaction details

Property Type: MultiFamily
Transaction Amount: $25,750,000

The loan secured for this deal was a construction loan in the amount of $25,750,000. This loan will be used to finance the construction of the multi-family property located at 630 Grand Avenue.

Players

All
3

Agents
2
Agencies
1

Morris Betesh

Senior Managing Director

$754.4M Sold

Alex Bailkin

Vice President

$668.9M Sold

Meridian Capital Group

Details

Deal Summary

FINANCED

IMAGE: Pinny Loketch, Allan Lebovits, Louis Lebovits, Moishe Loketch, Morris Betesh & Alex Bailkin DATE: 09/01/2023 ADDRESS: 630 Grand Avenue MARKET: Crown Heights, Brooklyn ASSET TYPE: MultiFamily LANDLORD: Meral Property Group & Loketch Group (@Loketch_Group) - Allan Lebovits, Louis Lebovits, Moishe Loketch & Pinny Loketch BROKERS: Morris Betesh & Alex Bailkin (@AjBailkin) - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $25,750,000 LOAN TYPE: Construction

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Address630 Grand Avenue

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