Settlement Housing Fund Secures $63.1M Construction Loan For Crown Heights Multifamily

1604, 1620 & 1630 Saint Johns Place

MultiFamily

140,560 SF

Financed 1 year ago

Summary

Loan

NEW YORK

MultiFamily

140,560 sqft

The property involved in this transaction is a multifamily asset located at 1604, 1620, and 1630 St Johns Place in Crown Heights. It has a total square footage of 140,560 and consists of 100 units. The transaction took place on 07/21/2022.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $63,100,000
Lender: UMB Bank
Landlord: Settlement Housing Fund
Loan Type: Construction

The lender involved in this deal was UMB Bank. They provided a loan amount of $63,100,000 for the construction of the property. The landlord in this transaction was Settlement Housing Fund.

Players

All
1

Lenders
1

UMB Bank

Details

Deal Summary

FINANCED

IMAGE: Alexa Sewell DATE: 07/21/2022 ADDRESS: 1604, 1620 & 1630 St Johns Place MARKET: Crown Heights ASSET TYPE: Multifamily ~ SF: 140,560 ~ UNITS: 100 LENDER: UMB Bank LANDLORD: Settlement Housing Fund LOAN AMOUNT: $63,100,000 LOAN TYPE: Construction

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Address1604, 1620 & 1630 Saint Johns Place

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