Bank Of Princeton Issues $8.2M Construction Loan To Joseph Klein For Bedford Stuyvesant Multifamily

The asset involved in this transaction is a multifamily property located at 735 DeKalb Avenue in the Bedford Stuyvesant market of Brooklyn. It consists of six residential units and has secured a construction loan for its development.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,200,000
• Address: 735 DeKalb Avenue
• Market: Bedford Stuyvesant, Brooklyn
• Units: 6
• Lender: Bank of Princeton
• Landlord: Joseph Klein
• Loan Type: Construction

This transaction features Bank of Princeton as the lender, which has issued the loan to 735 Dekalb Realty LLC, an entity controlled by Joseph Klein, indicating his involvement in the development of the property.