Allure Group Refinances Specialty Building At 691 92nd Street Bay Ridge Brooklyn For $44.8M

The asset involved in this transaction is a special purpose building located at 691 92nd Street in Bay Ridge, Brooklyn. This property encompasses a total of 161,669 square feet. The recent financial transaction involves a loan amount of $44,800,000, which serves as a refinance of previous debt. The prior debt amounted to $39,100,000 from Webster Bank.

Summary of transaction details:

• Property Type: Special Purpose
• Transaction Amount: $44,800,000
• Loan Type: Refinance
• Lender: Dwight Capital
• Landlord: Solomon Rubin - Allure Group
• Market: Bay Ridge, Brooklyn

This refinancing action was executed by Allure Group, represented by Solomon Rubin, who is pivotal in managing the specialty building at the specified address. The loan from Dwight Capital replaced the existing loan, demonstrating a strategic financial maneuver within the real estate market.