Morris Dweck Of KSR Arranges $8.2M Loan For JMD Investments Retail Condo And Industrial Property

Two owner-occupied properties were involved in this transaction. The first is a retail condo located at 401 8th Avenue, across from MSG, featuring a square footage of 5,000. The second property is an industrial building located at 120 Ethel Road W, with a square footage of 50,600. Together, these properties represent significant real estate assets in the Park Slope, NY and Piscataway, NJ markets.

Summary of transation details:

• Property Type: Retail Condo and Industrial Building
• Transaction Amount: $8,200,000
• Loan Amount: $8,200,000
• Line of Credit: $1,000,000
• Lender: Bank United - Jason Labriola
• Landlord: JMD Investments
• Broker: Morris Dweck - KSR
• Loan Type: Cashout Refinance
• Loan Terms: 5 + 5 / 25-year amortization, 6.12%

Morris Dweck of KSR Capital facilitated the financing for the transaction, arranging a first mortgage and a line of credit on the properties. The significant financial backing for these properties highlights the strategic investment by JMD Investments in the retail and industrial sectors.