FINANCED
Conway Capital Secures $8.25M Loan For Mixed-Use Property On Atlantic Avenue, Brooklyn
214-218 Atlantic Avenue
Mixed-use
6,000 SF
6,000 SF
Summary
Loan
NEW YORK
Mixed-use
6,000 sqft
214-218 Atlantic Avenue in Brooklyn has been involved in a recent closed property transaction. This mixed-use property has attracted attention in the market.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $8,250,000
- Address: 214-218 Atlantic Avenue
- Market: Brooklyn
The lender in this transaction was LMF Commercial, which is a part of Lennar Co. The loan brokers who facilitated the deal were Jonathan Singer from Strategic Funding Corp. and Robert Tobias from RJT Capital Partners.
The loan amount for this transaction was $8,250,000, and the loan terms were for a 10-year fixed period with full interest-only payments.
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Details
FINANCED
IMAGE: Jonathan Singer & Robert Tobias
DATE: 07/09/2021
ADDRESS: 214-218 Atlantic Avenue
MARKET: Brooklyn
ASSET TYPE: Mixed-use
LENDER: LMF Commercial (A Lennar Co.)
LANDLORD: Conway Capital
LOAN BROKERS: Jonathan Singer - Strategic Funding Corp. & Robert Tobias - RJT Capital Partners
LOAN AMOUNT: $8,250,000
LOAN TERMS: 10-years Fixed. Full I/OView on map
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Address214-218 Atlantic Avenue
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