FINANCED
CW Realty Secures $20.5M Construction Loan For Williamsburg Development Site
280 Meeker Avenue
Development Site
57,500 SF
57,500 SF
Financed 1 year ago
Summary
Loan
NEW YORK
Development Site
57,500 sqft
A development site located at 280 Meeker Ave. in Williamsburg has been involved in a recent transaction. The property boasts a total buildable square footage (BSF) of 57,500. The deal was orchestrated by CW Realty, whose representative is Cheskie Weisz.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $20,500,000
- Lender: Bank of Princeton
- Loan Type: Construction loan
- Loan Terms: 4.5% Rate
The loan for this transaction, amounting to $20,500,000, was procured from the Bank of Princeton. The construction loan offers a favorable interest rate of 4.5%. Leah Paskes, Pinchas Vogel, and Michael Wittow of Landstone Capital played a pivotal role as brokers in facilitating this deal alongside CW Realty.
Players
All
5
Agents
3
Agencies
2
Details
FINANCED
IMAGE: Michael Wittow, Cheskie Weisz & Pinchas Vogel
DATE: 12/14/2021
ADDRESS: 280 Meeker Ave.
MARKET: Williamsburg
ASSET TYPE: Development Site ~ BSF: 57,500
LENDER: Bank of Princeton
LANDLORD: CW Realty - Cheskie Weisz
BROKERS: Leah Paskes, Pinchas Vogel & Michael Wittow - Landstone Capital
LOAN AMOUNT: $20,500,000
LOAN TYPE: Construction loan
LOAN TERMS: 4.5% RateView on map
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Address280 Meeker Avenue
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