FINANCED
Stormfield Capital Provides $7.5M Bridge Loan For Multifamily Property In Jamaica
87-37 Palermo Street
MultiFamily
44,000 SF
44,000 SF
Financed 1 year ago
Summary
Loan
NEW YORK
MultiFamily
44,000 sqft
Located at 87-37 Palermo St. in Jamaica, this multifamily property spans approximately 44,000 square feet. The transaction took place on 09/03/2021, with Steve Cheung as the landlord. The property is situated in the Jamaica market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,500,000
- Lender: Stormfield Capital
- Broker: Joseph Hach - Leviathan Capital
Joseph Hach from Leviathan Capital acted as the broker in this deal. The loan for the transaction was provided by Stormfield Capital in the form of a $7,500,000 bridge loan.
Players
All
3
Agents
1
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Kyle Shea & Joseph Hach
DATE: 09/03/2021
ADDRESS: 87-37 Palermo St.
MARKET: Jamaica
ASSET TYPE: Multifamily ~ SF: 44,000
LENDER: @StormfieldCapital
LANDLORD: Steve Cheung
BROKER: Joseph Hach - @LeviathanCapital
LOAN AMOUNT: $7,500,000
LOAN TYPE: Bridge LoanView on map
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Address87-37 Palermo Street
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