Cross River Bank Provides $20M Loan For Development Site In Gravesend

The development site located at 2226 Cropsey Avenue in Gravesend has been involved in a recent loan transaction. The loan was provided by Cross River Bank in the amount of $20,000,000. The property has a building square footage (BSF) of 63,315 and consists of 110 units.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $20,000,000
• Buliding Square Footage (BSF): 63,315
• Units: 110

The lender for this transaction is Cross River Bank, while Marvin Rubin is the landlord of the property. This loan deal represents a significant investment in the development site, providing the necessary funds for its future development.