Omri Bar-Mashiach Of Minerva Development Secures $4.5M Construction Loan From SDB For Multifamily Project

The asset involved is a multifamily residential property located at 68 Quincy Street in Bedford-Stuyvesant, Brooklyn. The project comprises a total of nine units and has secured a loan amounting to $4,500,000 specifically designated for construction purposes.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,500,000
• Address: 68 Quincy Street
• Market: Bedford Stuyvesant, Brooklyn
• Lender: SDB
• Landlord: Omri Bar-Mashiach - Minerva Development
• Loan Type: Construction

The loan details indicate that Omri Bar-Mashiach, representing Minerva Development, is directly involved in securing the financing for this residential project. The lender in this transaction is SDB, facilitating the construction financing necessary for the development of the nine-unit property.