SMS Financial, operating through SMS Financial Strategic Investments IV, LLC, acquired a note with an original principal of $6.1 million from Customers Bank. The note was secured by two residential walkup buildings located in Bushwick, Brooklyn. The properties include a 12-unit building at 290 Harman Street and another 12-unit building at 294 Harman Street. The total built space of the properties is 12,675 square feet, and they also have 4,023 square feet of additional air rights.

Summary of transaction details

• Property Type: Note
• Transaction Amount: $6,100,000
• Buyer: SMS Financial
• Seller: Customers Bank

SMS Financial, represented by their broker representative, completed the acquisition of the note from Customers Bank. The transaction involved securing the 12-unit buildings at 290 Harman Street and 294 Harman Street, which have a total built space of 12,675 square feet and additional air rights of 4,023 square feet.