$3M Construction Loan Secured For SFR Development In Red Hook, Brooklyn

The property at 96-98 Coffey Street in Red Hook, Brooklyn is the subject of a recent loan transaction. The single-family residence (SFR) has a total square footage of 8,000 and consists of two units. The property is located within the Red Hook market, known for its vibrant community and diverse range of amenities.

Summary of transaction details

• Property Type: Single-Family Residence (SFR)
• Transaction Amount: $3,000,000
• Address: 96-98 Coffey Street
• Market: Red Hook, Brooklyn
• Square Footage: 8,000
• Units: 2

The loan for this property was provided by S3 Capital Partners. The lender's representatives in this transaction are Robert Schwartz and Steven Jemal. The construction loan, totaling $3,000,000, will support the development and improvement of the property.

The property is owned by F2H Capital Group, represented by Farrukh Hasanov and Farkhad Hasanov. Additionally, Sal Ingravallo from 1000 Acres is involved as a representative of the landlord. These individuals and companies play a crucial role in the transaction and contribute to the successful acquisition and financing of the property.