FINANCED
Equitas Capital Group Brokers Secure $5.15M Bridge Loan For Retail Property On Flatbush Ave., Brooklyn
250 Flatbush Avenue
Retail
5,995 SF
5,995 SF
Financed 1 year ago
Summary
Loan
NEW YORK
Retail
5,995 sqft
250 Flatbush Ave, a retail property located in Brooklyn, was recently involved in a closed transaction. The property spans an area of 5,995 square feet.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $5,150,000
- Date: 03/31/2022
- Market: Brooklyn
The deal was facilitated by Alex Leykind and Michael Tsyngauz from Equitas Capital Group, who represented the parties involved in the transaction.
Regarding the loan associated with this transaction, it was a bridge loan. The loan amounted to $5,150,000 and had a term of one year. The closing period for the loan was two weeks, with a prepayment requirement of four months. There was no interest reserve specified in the terms of the loan.
Players
All
3
Agents
2
Agencies
1
Details
FINANCED
IMAGE: Alex Leykind & Michael Tsyngauz
DATE: 03/31/2022
ADDRESS: 250 Flatbush Ave.
MARKET: Brooklyn
ASSET TYPE: Retail ~ SF: 5,995
BROKERS: Alex Leykind (@AlexLeykind1) & Michael Tsyngauz (@MichaelTsyngauz) - Equitas Capital Group (@EquitasCapitalGroup)
LOAN AMOUNT: $5,150,000
LOAN TYPE: Bridge
LOAN TERMS: 2 week closing, Term: one year, Pre pay: 4 months, Interest Reserve: noneView on map
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Address250 Flatbush Avenue
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