Koby Telyas & Idan Shitrit Landlord Secures $4.5M Refinance Loan At 661 Driggs Avenue

The asset involved in this transaction is a newly constructed retail property located at 661 Driggs Avenue in Brooklyn. The total square footage of the asset is 7,000. The loan amount for this transaction is $4,500,000, which was secured through refinancing two commercial retail condo units.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,500,000
• Address: 661 Driggs Avenue
• Market: Brooklyn
• Lender: Safra Bank
• Landlord: Koby Telyas & Idan Shitrit - Investmates
• Broker: Avi Eyal - TrueCap
• Loan Type: Refinance
• Loan Terms: 10-year loan with flexible prepayment terms
• Tenants: @PopUpBagels and @FishCheeks

The deal involved key individuals including Koby Telyas and Idan Shitrit, who are the landlords for this property managed under Investmates. Avi Eyal served as the broker for the transaction representing TrueCap. The arrangement includes a strong retail foundation with Fish Cheeks establishing its first location in Brooklyn and both tenants contributing to the property's potential.