Equitas Capital Group Brokers Secure $5.15M Bridge Loan For Retail Property On Flatbush Ave., Brooklyn

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.