Stormfield Capital Provides $7.5M Bridge Loan For Multifamily Property In Jamaica

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.