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The Brooklyn Masonic Temple Secures $5 Million Refinance Loan From Rcubed Real Estate And Brooklyn Bridge Capital

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FINANCED
$5,000,000

New York

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Special Purpose
Financed 04/03/2025
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Property Image
FINANCED

The Brooklyn Masonic Temple Secures $5 Million Refinance Loan From Rcubed Real Estate And Brooklyn Bridge Capital

317 Clermont Avenue

See Similar Deals
Special Purpose
Financed 04/03/2025
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Summary

NEW YORK
Asset Type:Special Purpose
Transaction Type:Loan

The property involved in this transaction is a special purpose asset located at 317 Clermont Avenue in Fort Greene, Brooklyn. The asset encompasses a total square footage of 54,150 and has been refinanced for a loan amount of $5,000,000.

Summary of transation details:

This refinancing agreement was facilitated by Shaya Krausz from Brooklyn Bridge Capital and Lawrence Rosenblum from Rcubed Real Estate, representing the financial interests in this transaction. The landlord for the property is The Brooklyn Masonic Temple, which secured funds for the property at the specified address.

Players

LENDER

Details

FINANCED
IMAGE: Lawrence Rosenblum DATE: 04/03/2025 ADDRESS: 317 Clermont Avenue MARKET: Fort Greene, Brooklyn ASSET TYPE: Special Purpose ~ SF: 54,150 LENDER: Shaya Krausz - Brooklyn Bridge Capital & Lawrence Rosenblum - Rcubed Real Estate LANDLORD: The Brooklyn Masonic Temple LOAN AMOUNT: $5,000,000 LOAN TYPE: Refinance NOTE: The Brooklyn Masonic Temple secured a $5 million refinancing loan from Rcubed Real Estate and Brooklyn Bridge Capital for its 54,150-square-foot property at 317 Clermont Avenue in Fort Greene, Brooklyn.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$5,000,000.00

Monthly NOI$33,333.33
Monthly Debt Service$31,603.40
Change in Cash Flow$0.00
Refinance Proceeds$0.00