Parke Bank Provides $17 Million Refinance Loan For Office Asset At 737 Flushing Avenue Brooklyn

The property asset involved in this transaction is located at 737 Flushing Avenue in the Brooklyn market. This office asset encompasses a total square footage of 73,210. The loan amount for this refinance transaction is $17,000,000, with permanent financing terms provided by the lender, Parke Bank.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $17,000,000
• Loan Type: Refinance
• Loan Terms: Permanent financing
• Lender: Parke Bank
• Broker: Charlie Lefkowitz - Fund Me Capital
• Date: 12/10/2024
• Address: 737 Flushing Avenue
• Market: Brooklyn
• Asset Size: 73,210 SF

Key individuals involved in the transaction include Charlie Lefkowitz, acting as the broker representing the financial interests in this deal. Parke Bank serves as the lending entity providing the refinance loan for this office asset, indicating a strategic move to secure permanent financing.