Progress Capital Secures $2.6M Construction Loan For Multifamily Property In Brooklyn

The property involved in this transaction is a multifamily asset located at 854 Hancock Street in Brooklyn's Bed-Stuy neighborhood. The loan amount for this construction project is $2,619,000. The lender for this deal is Valley National. The landlord of the property is Albert Dweck of Duke Properties and Mark Guindi of GD Capital. The brokers involved in the transaction are Brad Domenico of Progress Capital.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,619,000
• Address: 854 Hancock Street, Brooklyn, Bed-Stuy
• Lender: Valley National
• Landlord: Albert Dweck of Duke Properties, Mark Guindi of GD Capital
• Brokers: Brad Domenico of Progress Capital

Mark Guindi, Albert Dweck, and Brad Domenico are key individuals involved in this deal. Mark Guindi represents GD Capital, and Albert Dweck represents Duke Properties as the landlord. Brad Domenico, from Progress Capital, plays a crucial role as the broker in this transaction.