S3 Capital Provides $3.9M Construction Loan For PLG Development Site

A development site located at 143 Winthrop Street in PLG, Brooklyn has been involved in a recent closed transaction. The property, spanning 9,000 square feet, was part of a deal secured by a construction loan.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $3,900,000
• Address: 143 Winthrop Street
• Market: PLG, Brooklyn
• Lender: S3 Capital – Steven Jemal
• Landlord: Croxdale Real Estate – Nigel Boyden
• Broker: Mercury Capital Markets – Eric Gleitman

The loan for the development site was provided by S3 Capital, with Steven Jemal representing the lender. Nigel Boyden of Croxdale Real Estate served as the landlord in the transaction, while Eric Gleitman of Mercury Capital Markets acted as the broker.