The property asset involved in this transaction is a multifamily building located at 88 Schermerhorn Street in the Brooklyn Heights / Downtown Brooklyn market. The asset encompasses a total square footage of 45,045 and is associated with a construction loan amounting to $30,000,000, with loan terms set for 30 months.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $30,000,000
• Loan Type: Construction
• Loan Terms: 30 months
• Lender: Ponce Bank
• Landlord: Mark Jankovits & Eli Seidenfeld
• Address: 88 Schermerhorn Street
• Market: Brooklyn Heights / Downtown Brooklyn
• Asset Size: 45,045 SF
• Brokers: Elya Kahn & Abe Greenhut - GreenRock Funding LLC
• Landlord Attorney: Daniel Kugel

Key individuals involved in the deal include Mark Jankovits and Eli Seidenfeld, who are the landlords. The transaction is additionally represented by Elya Kahn and Abe Greenhut from GreenRock Funding LLC, while the legal representation is provided by attorney Daniel Kugel.