Flatiron Realty Capital Provides $1.36M Construction Loan For Multifamily Property In Brooklyn

The property involved in the transaction is a multifamily asset located at 747 Monroe St. in Brooklyn, NY. It spans approximately 3,000 square feet and consists of 2 units. The transaction took place between Propel Development Group, represented by Sahel Khan, as the landlord, and Flatiron Realty Capital, represented by Zakary Fouladi and Seena Talas, as the lenders.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,362,948
• Address: 747 Monroe St.
• Market: Brooklyn, NY
• Square Footage: 3,000
• Units: 2

Flatiron Realty Capital, a direct private lender, provided a construction loan of $1,362,948. The loan term is set at 12 months and is specifically for the acquisition and ground-up construction of the property. Both Zakary Fouladi and Seena Talas from Flatiron Realty Capital facilitated the loan.

Flatiron Realty Capital specializes in offering alternative financing options to real estate investors and developers across the nation. They have in-house capital and streamlined underwriting processes, allowing for quick deal closures in as fast as 5 days. Seena Talas can be reached at (516) 998-5097 or [email protected], while Zakary Fouladi can be contacted at (516) 551-6462 or [email protected].