Bank Hapoalim Provides $19.6M Loan For Gowanus Development Site | 450 Warren Street | Bank Hapoalim (BHI) | James Murad, Adam Hakim | Development Site | Loan

Summary

Loan

NEW YORK

Development Site

31,157 sqft

The development site located at 450 Warren Street in Gowanus, Boerum Hill has been involved in a closed property transaction. The property spans a total area of 27,142 square feet, including an additional 4,015 square feet of on-grade commercial space. The deal entails the transfer of ownership from the landlord, Tankhouse represented by Sam Alison-Mayne and Sebastian Mendez, to undisclosed buyers.

Summary of transaction details:

Property Type: Development Site
Transaction Amount: $19,600,000
Date: June 19, 2020
Market: Gowanus, Boerum Hill
Lender: Bank Hapoalim

The loan provided by Bank Hapoalim amounts to $19,600,000 and has a term of 30 months, with full-term interest-only payments. The property comprises a total of 18 units and is expected to undergo development in the near future.

Players

All
4

Agents
2
Agencies
1
Lenders
1

James Murad

Senior Vice President

Adam Hakim

Senior Managing Director

Details

Deal Summary

FINANCED

IMAGE: Adam Hakim & James Murad DATE: 06/19/2020 ADDRESS: 450 Warren Street MARKET: Gowanus, Boerum Hill ASSET TYPE: Development Site LENDER: Bank Hapoalim LANDLORD: Tankhouse – Sam Alison-Mayne & Sebastian Mendez BROKERS: […] LOAN AMOUNT: $19,600,000 LOAN TERMS: 30-Month Loan, Full-Term IO SF: 27,142 SF with an additional 4,015 SF of on-grade commercial space UNITS: 18

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Address450 Warren Street

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