Meridian Capital Group Secures $52M Loan For Mixed Use Property In Dumbo, New York

Samuel Ginsburg, Scott Powell, and Adam Ginsburg have closed a transaction for a mixed-use property located at 220 Water Street in Dumbo, New York. The property spans over 173,457 square feet and consists of 136 units. The deal was facilitated by broker Shamir Seidman from @meridian.capital.group.

Summary of transaction details

• Property Type: Mixed Use
• Transaction Amount: $52,000,000
• Date: 09/06/2018
• Address: 220 Water Street
• Market: Dumbo
• City: New York
• Lender: Santander Bank
• Landlord: GDC Properties
• Broker: Shamir Seidman - @meridian.capital.group

This transaction involved several key individuals, including Samuel Ginsburg, Scott Powell, and Adam Ginsburg. The property was financed by Santander Bank, and GDC Properties acted as the landlord. Shamir Seidman from @meridian.capital.group represented the parties involved in the deal.