Deutsche Bank Provides $71M Loan For Rental Property In East Williamsburg, Brooklyn | 120 Union Avenue | Deutsche Bank | Adi Chugh | Other | Loan

Summary

Loan

NEW YORK

Other

85,902 sqft

Adam America Real Estate and Slate Property Group have secured a $71 million loan from Deutsche Bank for their rental property located at 120 Union Avenue, in East Williamsburg, Brooklyn. The loan was finalized on August 27, 2018.

Summary of transation details

Property Type: Rental
Transaction Amount: $71,000,000
Market: East Williamsburg, Brooklyn
City: New York

The loan was facilitated by Adi Chugh's Maverick Commercial Properties, serving as the broker for the deal. The key individuals involved in the transaction include Adi Chugh from Maverick Commercial Properties, David Schwartz from Slate Property Group, and Dvir Cohen Hoshen and Martin Nussbaum from Adam America Real Estate.

Players

All
2

Agents
1
Lenders
1

Adi Chugh

Founder and President

Deutsche Bank

Details

Deal Summary

FINANCED

IMAGE: Adi Chugh, Slate Property Group’s David Schwartz and Adam America’s Dvir Cohen Hoshen and Martin Nussbaum DATE: 08/27/2018 ADDRESS: 120 Union Avenue MARKET: East Williamsburg, Brooklyn CITY: New York ASSET TYPE: Rental LENDER: Deutsche Bank LANDLORD/DEVELOPER: Adam America Real Estate and Slate Property Group BROKER: Adi Chugh’s Maverick Commercial Properties LOAN AMOUNT: $71,000,000

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Address120 Union Avenue

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