G4 Capital Partners Provides $50.35M Loan To Isaac Schwartz For Development Site In Brooklyn

The asset involved in this transaction is a development site located at 970 Franklin Avenue in Brooklyn. This multifamily property spans approximately 290,000 square feet and has a loan amount of $50,350,000 secured by G4 Capital Partners.

Summary of transaction details:

• Property Type: Development Site (Multifamily)
• Transaction Amount: $50,350,000
• Address: 970 Franklin Avenue
• Market: Brooklyn
• Lender: G4 Capital Partners
• Landlord: Isaac Schwartz
• Broker: Steven Hersko - SHB Group

The loan provided by G4 Capital Partners serves as an acquisition and pre-development financing solution for the sponsor. Notably, this occurred approximately 18 months after G4 had extended a $130 million construction facility for a neighboring site also associated with the same sponsor.