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Square Mile Capital Management Provides $180.3M Loan For 550 Clinton Avenue Multifamily In Clinton Hill, Brooklyn

550 Clinton Avenue
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This MultiFamily property located in NY received a loan of $180,300,000 over 3 years ago. The brokers of the deal were Aaron Appel, Keith Kurland, Jonathan Schwartz, Michael Diaz, and Adam Schwartz

The multifamily property located at 550 Clinton Avenue in Clinton Hill, Brooklyn has been involved in a recent loan transaction. The loan amount obtained for this property is $180,300,000, and it spans an area of 280,000 square feet.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $180,300,000
  • Address: 550 Clinton Avenue
  • Market: Clinton Hill, Brooklyn

The lender for this transaction is Square Mile Capital Management, providing the necessary funds for the acquisition or development of the property. The landlord of 550 Clinton Avenue is Jeffrey Gershon, representing Hope Street Capital. Additionally, AKS Capital Partners, specifically Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, and Michael Diaz, have acted as brokers in this deal.

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Deals
  • Location
    550 Clinton Avenue550 Clinton Avenue
  • Loan Value
    $180,300,000$180,300,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    5 Brokers, 1 Agency, 1 Lender5 Brokers, 1 Agency, 1 Lender

Agents

Michael Diaz

Michael Diaz

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Financed$2.8B

Keith Kurland

Keith Kurland

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Financed$12.8B

Adam Schwartz

Adam Schwartz

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Financed$11B

Aaron Appel

Aaron Appel

Deals92
Financed$15.1B

Agency

Walker & Dunlop

Walker & Dunlop

Agency
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Volume$76.5B

Square Mile Capital

Square Mile Capital

Lender
Deals47
Volume$ 465.2B

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Deal Summary

LOAN IMAGE: Jonathan Schwartz, Aaron Appel, Michael Diaz, Keith Kurland, Adam Schwartz DATE: 12/10/2019 ADDRESS: 550 Clinton Avenue MARKET: Clinton Hill, Brooklyn ASSET TYPE: Multifamily LENDER: Square Mile Capital Management LANDLORD: Jeffrey Gershon - Hope Street Capital BROKERS: AKS Capital Partners - Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz & Michael Diaz LOAN AMOUNT: $180,300,000 SF: 280,000

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550 Clinton Avenue

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