United American Land Secures $24M Refinance Loan From Metropolitan Commercial Bank For Retail Condo In Downtown Brooklyn

The asset involved in this transaction is a retail condo located at 210 Joralemon Street in Downtown Brooklyn, comprising a total area of 47,405 square feet. United American Land refinanced this property with a loan amounting to $24,000,000 from Metropolitan Commercial Bank.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $24,000,000
• Asset Address: 210 Joralemon Street
• Market: Downtown Brooklyn
• Lender: Metropolitan Commercial Bank
• Landlord: Albert Laboz, Jason Laboz & Jody Laboz - United American Land
• Loan Type: Refinance

The key individuals involved in this transaction include Albert Laboz, Jason Laboz, and Jody Laboz, who represent United American Land as the landlords. The refinancing replaces previous debt with Blackstone, highlighting a significant financial maneuver by United American Land in the retail market.