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AKS Capital Partners Arranges $180.3M Loan For Clinton Hill Development Site

809 Atlantic Avenue, 539 Vanderbilt Avenue
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This Development Site property located in NY received a loan of $180,300,000 over 4 years ago. The brokers of the deal were Michael Diaz, Adam Schwartz, Keith Kurland, Jonathan Schwartz, and Aaron Appel

809 Atlantic Avenue and 539 Vanderbilt Avenue, located in Clinton Hill, have been sold in a closed transaction. The property is a development site with a total of 284 units. The transaction took place on November 27, 2019.

Summary of transation details

The key individuals involved in the transaction include Jonathan Schwartz, Aaron Appel, Michael Diaz, Keith Kurland, and Adam Schwartz representing AKS Capital Partners. The lenders for the transaction were SM Tactical Finance II-E LLC (Square Mile Capital) and Pacific Western Bank, while the landlord was Hope Street Capital represented by Jeffrey Gerson.

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Deals
  • Location
    539 Atlantic Ave, Brooklyn, NY, 11217, USA539 Atlantic Ave, Brooklyn, NY, 11217, USA
  • Loan Value
    $180,300,000$180,300,000
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    5 Brokers, 1 Agency, 2 Lenders5 Brokers, 1 Agency, 2 Lenders

Agents

Michael Diaz

Michael Diaz

Deals24
Financed$2.8B

Keith Kurland

Keith Kurland

Deals80
Financed$12.8B

Adam Schwartz

Adam Schwartz

Deals73
Financed$11B

Aaron Appel

Aaron Appel

Deals92
Financed$15.1B

Agency

Walker & Dunlop

Walker & Dunlop

Agency
Deals609
Volume$76.5B

Pacific Western Bank

Pacific Western Bank

Lender
Deals16
Volume$ 350.6B

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: 11/27/2019 ADDRESS: 809 Atlantic Avenue, 539 Vanderbilt Avenue MARKET: Clinton Hill ASSET TYPE: Development site LENDER: SM Tactical Finance II-E LLC - Square Mile Capital, Pacific Western Bank LANDLORD: Hope Street Capital - Jeffrey Gerson BROKERS: Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz & Michael Diaz - AKS Capital Partners LOAN AMOUNT: $180,300,000 UNITS: 284

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809 Atlantic Avenue, 539 Vanderbilt Avenue

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