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Lakeland Bank Provides $1.8M Acquisition Loan For Mixed-Use Building In Brooklyn

1407 Foster Avenue
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This Mixed-use property located in NY received a loan of $1,800,000 over 2 years ago. The brokers of the deal were Eddie Miro and Frank Stanislaski

Located at 1407 Foster Avenue in Brooklyn, this mixed-use property encompasses approximately 5,700 square feet. The property was recently involved in a closed transaction.

Summary of transaction details:

An acquisition loan for the amount of $1,800,000 was secured for this property. The loan was provided by Lakeland Bank. The landlords of the property are Allon Avgi and Ariel Shalom. Representing the deal were brokers Frank Stanislaski and Eddie Miro from Progress Capital.

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Deals
  • Location
    1407 Foster Avenue, Brooklyn, NY, USA1407 Foster Avenue, Brooklyn, NY, USA
  • Loan Value
    $1,800,000$1,800,000
  • Asset Type
    Mixed-useMixed-use
  • Parties
    2 Brokers, 1 Agency, 1 Lender2 Brokers, 1 Agency, 1 Lender

Agents

Frank Stanislaski

Frank Stanislaski

Deals36
Financed$211.5M

Eddie Miro

Eddie Miro

Deals29
Financed$210.9M

Agency

Progress Capital

Progress Capital

Agency
Deals382
Volume$4.9B

Lakeland Bank

Lakeland Bank

Lender
Deals29
Volume$ 59.3B

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Deal Summary

LOAN IMAGE: Frank Stanislaski, Eddie Miro, Allon Avgi & Ariel Shalom DATE: 11/15/2021 ADDRESS: 1407 Foster Avenue MARKET: Brooklyn ASSET TYPE: Mixed-use ~ SF: 5,700 LENDER: Lakeland Bank LANDLORD: Allon Avgi (@AllonAvgi) & Ariel Shalom (@Ariel0794) BROKERS: Frank Stanislaski (@FStanisl) & Eddie Miro (@Eddie_Miro) - Progress Capital (@Progress.Capital) LOAN AMOUNT: $1,800,000 LOAN TYPE: Acquisition loan

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1407 Foster Avenue

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