Joseph Nakash Secures $4,300,000 Bridge Loan From Modern Bank For Retail Asset In Brooklyn

The property asset involved in the transaction is situated at 446 Fulton Street, Brooklyn, and is categorized as retail space. The loan amount associated with this property is $4,300,000 and it is classified as a bridge loan.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,300,000
• Lender: Modern Bank
• Landlord: Joseph Nakash
• Loan Type: Bridge

Key individuals involved in the transaction include Steven Caligor, Joseph Petrelli, and Adam Reiss, who played significant roles in the deal. Modern Bank is actively pursuing various financing opportunities for free-market multifamily, industrial, and mixed-use assets in the tri-state area.