We Lend Provides $3.5 Million Acquisition And Construction Loan For Brooklyn Multifamily Development

The asset involved in the transaction is a multifamily property located in Brooklyn, encompassing a total square footage of 8,162 and consisting of 4 units. The transaction involves a loan amount of $3,500,000 designated for acquisition and construction purposes.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,500,000
• Loan Type: Acquisition + Construction
• Lender: We Lend
• Date: 01/28/2025
• Market: Brooklyn
• Units: 4
• Square Footage: 8,162

The individuals involved in the deal include Moses Suleymanov and Solomon Suleymanov. Solomon Suleymanov can be contacted for competitive terms and reliable lending partnerships at 212.257.3888 or [email protected]. We Lend has recently funded a development project in Park Slope, Brooklyn, where the sponsor is constructing luxury condos as it expands its construction financing platform.