Abe Klein Of Meridian Capital Group Secures $12.6M Acquisition Loan In Brooklyn

The office property in Brooklyn, spanning 25,000 square feet, was involved in a recent transaction with a loan amount of $12,600,000. The financing secured was for acquisition purposes with a 10-year fixed term, 80% loan-to-cost ratio, flexible prepayment options, and a one-year interest-only period. For more information on commercial financing, interested parties can contact Abe Klein at [email protected] or (212) 612-0166.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $12,600,000
• Market: Brooklyn
• Loan Type: Acquisition
• Loan Terms: 10 year fixed, 80 LTC, flexible prepay, 1 YR IO
• Broker: Abe Klein - Meridian Capital Group

The transaction was facilitated by Abe Klein from Meridian Capital Group, serving as the broker representing the deal.