Ponce Bank Provides $30M Construction Loan For Multifamily Property In Brooklyn Heights | 88 Schermerhorn Street | Ponce Bank | Elya Kahn, Abe Greenhut | MultiFamily | Loan

Summary

Loan

NEW YORK

MultiFamily

45,045 sqft

The multifamily property located at 88 Schermerhorn Street in Brooklyn Heights / Downtown Brooklyn has been involved in a recent loan transaction. The property covers a total area of 45,045 square feet.

Summary of Transaction Details

Property Type: Multifamily
Transaction Amount: $30,000,000
Lender: Ponce Bank
Landlord: Mark Jankovits & Eli Seidenfeld
Brokers: Elya Kahn & Abe Greenhut - GreenRock Funding LLC
Landlord Attorney: Daniel Kugel
Loan Type: Construction
Loan Terms: 30 months

The loan, amounting to $30,000,000, was provided by Ponce Bank for the purpose of construction. The loan terms span a duration of 30 months. The landlords, Mark Jankovits and Eli Seidenfeld, sought the services of brokers Elya Kahn and Abe Greenhut from GreenRock Funding LLC to facilitate the loan process. Additionally, Daniel Kugel served as the landlord's attorney in this transaction.

Players

All
4

Agents
2
Agencies
1
Lenders
1

Elya Kahn

Commercial Mortgage Broker

$36.3M Sold

Details

Deal Summary

FINANCED

IMAGE: Mark jankovits, Daniel Kugel, Yanni Kouzilos & Doug Romero DATE: 05/23/2023 ADDRESS: 88 Schermerhorn Street MARKET: Brooklyn Heights /Downtown Brooklyn ASSET TYPE: Multifamily ~ SF: 45,045 LENDER: Ponce Bank (@PonceBank) LANDLORD: Mark Jankovits & Eli Seidenfeld BROKERS: Elya Kahn (@Ekgrf) & Abe Greenhut - GreenRock Funding LLC LANDLORD ATTORNEY: Daniel Kugel LOAN AMOUNT: $30,000,000 LOAN TYPE: Construction LOAN TERMS: 30 months

View on map

Address88 Schermerhorn Street

Comparables

This user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want