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Loketch Group, Joyland Group & Meral Property Group Secures $90 Million Construction Loan In Williamsburg
SOLD
Virginia
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Loketch Group, Joyland Group & Meral Property Group Secures $90 Million Construction Loan In Williamsburg
Williamsburg
See Similar DealsSummary
VIRGINIA
Transaction Type:Sale
The asset involved in this transaction is a development site located at 275 Lorimer Street in Williamsburg, Brooklyn. This site consists of 274 units and has secured a construction loan amounting to $90,000,000 from Scale Lending.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $90,000,000
- Address: 275 Lorimer Street
- Market: Williamsburg, Brooklyn
- Lender: Scale Lending
- Landlord: Loketch Group, Joyland Group & Meral Property Group
- Representative: Pinchos Loketch
Key individuals involved in this deal include Martin Nussbaum, David Schwartz, Pinny Loketch, Moishe Loketch, and Judy Minster, who played significant roles in facilitating the transaction, representing their respective groups in this development project.
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Operating Income
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Net Operating Income (NOI)
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Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
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Annual Debt Service$0.00
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