Libremax Capital Provides $63.6M Loan For Williamsburg Condo Development | 722 Metropolitan Avenue | Libremax Capital | Peter (Pete) Rotchford, Kristen Knapp, Christopher (Chris) Peck | Loan

Summary

Loan

NEW YORK

65,288 sqft

The property involved in this closed transaction is a condominium located at 722 Metropolitan Avenue in Williamsburg. The asset covers a total area of 65,288 square feet and consists of 69 units.

Summary of transaction details

Property Type: Condo
Transaction Amount: $63,600,000
Loan Terms: 2+1
Address: 722 Metropolitan Avenue
Market: Williamsburg

The loan for this transaction was provided by Libremax Capital. The landlord of the property is SL Development, represented by Ray Steffen and Page Leidy. The brokers involved in the deal were Chris Peck, Pete Rotchford, and Kristen Knapp from JLL.

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Players

All
5

Agents
3
Agencies
1
Lenders
1

Peter (Pete) Rotchford

Senior Director

$217.7M Sold

Kristen Knapp

Vice President, Debt and Structured Finance

Christopher (Chris) Peck

Senior Managing Director

$146.1M Sold

Details

Deal Summary

FINANCED

IMAGE: Chris Peck, Ray Steffen, Pete Rotchford, Page Leidy & Kristen Knapp DATE: 12/13/2019 ADDRESS: 722 Metropolitan Avenue MARKET: Williamsburg ASSET TYPE: Condo LENDER: Libremax Capital LANDLORD: SL Development - Ray Steffen & Page Leidy BROKERS: Chris Peck, Pete Rotchford, Kristen Knapp @JLL LOAN AMOUNT: $63,600,000 LOAN TERMS: 2+1 SF: 65,288 UNITS: 69 (Condo)

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Address722 Metropolitan Avenue

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