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PIMCO Provides $84M Mezzanine Loan For Industrial Property In NYC

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This Industrial property located in NY received a loan of $84,000,000 12 months ago. The brokers of the deal were Gideon Gil, Lauren Kaufman, Dale Braverman, and Zachary (Zach) Kraft

The industrial property located at 2505 Bruckner Boulevard in New York City has been involved in a closed transaction. The property is owned by Innovo Property Group and Affinius Capital. The deal was brokered by Gideon Gil, Lauren Kaufman, Zachary Kraft, and Dale Braverman from Cushman & Wakefield. The loan for this transaction was provided by PIMCO for a total amount of $84,000,000. It is important to note that the loan type for this transaction is mezzanine.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $84,000,000
  • Address: 2505 Bruckner Boulevard, New York City
  • Market: New York City

This transaction involved the collaboration between the property owners, Innovo Property Group and Affinius Capital, and the lender, PIMCO. The deal was facilitated by the brokerage team from Cushman & Wakefield, including Gideon Gil, Lauren Kaufman, Zachary Kraft, and Dale Braverman. Their expertise and representation played a crucial role in the successful completion of this transaction.

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Deals
  • Location
    2505 Bruckner Boulevard2505 Bruckner Boulevard
  • Loan Value
    $84,000,000$84,000,000
  • Asset Type
    IndustrialIndustrial
  • Parties
    4 Brokers, 1 Agency, 1 Lender4 Brokers, 1 Agency, 1 Lender

Agents

Zachary (Zach) Kraft

Zachary (Zach) Kraft

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Financed$2B

Gideon Gil

Gideon Gil

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Financed$5.5B

Agency

Cushman & Wakefield

Cushman & Wakefield

Agency
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Volume$167B

PIMCO

PIMCO

Lender
Deals3
Volume$ 91.1B

Social

Deal Summary

LOAN IMAGE: Gideon Gil, Lauren Kaufman, Zachary Kraft & Dale Braverman DATE: 05/05/2023 ADDRESS: 2505 Bruckner Boulevard MARKET: New York City ASSET TYPE: Industrial LENDER: PIMCO (@PIMCO_Global) LANDLORD: Innovo Property Group (@Innovo_Property_Group) & Affinius Capital BROKERS: Gideon Gil, Lauren Kaufman, Zachary Kraft & Dale Braverman - Cushman & Wakefield (@CushWake) LOAN AMOUNT: $84,000,000 LOAN TYPE: Mezzanine

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