Jed Walentas And Amish Patel Of Two Trees Management Secure $27.5M Refinance Loan From M&T Bank

The asset involved in this transaction consists of five properties located in Gowanus, Brooklyn, encompassing a total area of 136,000 square feet. The addresses include 118 2nd Avenue, 73 12th Street, and 1 11th Street. Two Trees Management and Madison Capital have secured a refinance loan in the amount of $27,500,000 from M&T Bank for these retail properties.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $27,500,000
• Market: Gowanus, Brooklyn
• Lender: M&T Bank
• Landlord: Jed Walentas & Amish Patel - Two Trees Management; Richard Wagman - Madison Capital
• Loan Type: Refinance

The transaction involves key representatives from the involved companies, specifically Jed Walentas and Amish Patel from Two Trees Management, along with Richard Wagman from Madison Capital. Their roles indicate a collaboration focused on the refinancing of significant retail properties within the Gowanus area.