Signature Bank Provides $136.7M Refinance Loan For Brooklyn Retail Properties | 248 Duffield Street, 100 Willoughby Street, 515 Ocean Avenue, 319 Canal Street, 655 6th Avenue & 210 Joralemon Street | Signature Bank | Charles Grussgott, Cary Pollack | Retail | Loan

Summary

Loan

NEW YORK

Retail

An investment property portfolio in Brooklyn has secured a $136,700,000 loan for refinancing. The properties included in the loan deal are located at 248 Duffield Street, 100 Willoughby Street, 515 Ocean Avenue, 319 Canal Street, 655 6th Avenue, and 210 Joralemon Street. These properties, all of which are retail assets, are managed by United American Land, specifically Albert Laboz, Jason Laboz, and Jody Laboz.

Summary of transaction details

Property Type: Retail
Transaction Amount: $136,700,000
Loan Type: Refinance
Loan Terms: 10 years

The loan was secured from Signature Bank. Acting as brokers in the transaction were Cary Pollack and Charles Grussgott from Meridian Capital Group.

Players

All
4

Agents
2
Agencies
1
Lenders
1

$24.5M Sold

$62.5M Sold

Meridian Capital Group

Signature Bank

Details

Deal Summary

FINANCED

IMAGE: Albert Laboz, Cary Pollack, Jason Laboz, Charles Grussgott & Jody Laboz DATE: 03/24/2022 ADDRESS: 248 Duffield Street, 100 Willoughby Street, 515 Ocean Avenue, 319 Canal Street, 655 6th Avenue & 210 Joralemon Street MARKET: Brooklyn ASSET TYPE: Retail LENDER: Signature Bank LANDLORD: United American Land - Albert Laboz, Jason Laboz & Jody Laboz BROKERS: Cary Pollack & Charles Grussgott - Meridian Capital Group LOAN AMOUNT: $136,700,000 LOAN TYPE: Refinance LOAN TERMS: 10 years

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Address248 Duffield Street, 100 Willoughby Street, 515 Ocean Avenue, 319 Canal Street, 655 6th Avenue & 210 Joralemon Street

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