FINANCED
Urban Standard Capital Provides $6M Loan For Development Site In Queens, Jamaica
221 06-26 Merrick Boulevard
Development Site
805,020 SF
805,020 SF
Financed 1 year ago
Summary
Loan
NEW YORK
Development Site
805,020 sqft
The development site located at 221 06-26 Merrick Blvd in Queens, Jamaica has been involved in a closed property transaction. The transaction took place on 12/23/2019. The property, measuring 80,502 square feet, was sold for a loan amount of $6,000,000. The asset is owned by BP RE Fund, with Mike Berman as the landlord.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $6,000,000
- Address: 221 06-26 Merrick Blvd, Queens, Jamaica
- Market: Queens, Jamaica
- Lender: Urban Standard Capital
- Landlord: BP RE Fund - Mike Berman
The deal was originated by Benjamin Barasch of Urban Standard Capital, while Matt Swerdlow of Ariel Property Advisors represented the borrower during the transaction.
Players
All
3
Agents
1
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Benjamin Barasch & Matt Swerdlow
DATE: 12/23/2019
ADDRESS: 221 06-26 Merrick Blvd
MARKET: Queens, Jamaica
ASSET TYPE: Development Site
LENDER: Urban Standard Capital
LANDLORD: BP RE Fund -Mike Berman
BROKER: Matt Swerdlow – Ariel Property Advisors
LOAN AMOUNT: $6,000,000
SF: 80,502
NOTE: Deal originated by Benjamin Barasch of Urban Standard Capital. Borrower represented by […]View on map
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Address221 06-26 Merrick Boulevard
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