Bank Of America Provides $388.4M Construction Loan For Mixed-Use Property In Brooklyn | 565 Fulton Street, 547-557 Fulton Street | Bank of America | Keith Kurland, Aaron Appel | Mixed-use | Loan

Summary

Loan

NEW YORK

Mixed-use

448,000 sqft

A mixed-use property located at 565 Fulton Street and 547-557 Fulton Street in Brooklyn has been involved in a recent closed transaction. The property has a total square footage of 448,000 and consists of 591 units.

Summary of transaction details

Property Type: Mixed-use
Transaction Amount: $388,400,000
Market: Brooklyn
Address: 565 Fulton Street, 547-557 Fulton Street
Square Footage: 448,000
Units: 591

The loan for this transaction was provided by Bank of America. The landlords involved in this deal are Steve Witkoff and Apollo Commercial Real Estate. The brokers who represented the parties were Aaron Appel and Keith Kurland from Walker & Dunlop. The loan type for this transaction is construction.

Players

All
4

Agents
2
Agencies
1
Lenders
1

Keith Kurland

Senior Managing Director

$226.7M Sold

Aaron Appel

Senior Managing Director

$266M Sold

Details

Deal Summary

FINANCED

IMAGE: Aaron Appel, Steve Witkoff & Keith Kurland DATE: 08/03/2022 ADDRESS: 565 Fulton Street, 547-557 Fulton Street MARKET: Brooklyn ASSET TYPE: Mixed-use ~ SF: 448,000 ~ UNITS: 591 LENDER: Bank of America (@BankofAmerica) LANDLORD: Steve Witkoff & Apollo Commercial Real Estate BROKERS: Aaron Appel & Keith Kurland (@BeefyAppleSeed) - Walker & Dunlop (@WalkerDunlop) LOAN AMOUNT: $388,400,000 LOAN TYPE: Сonstruction

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Address565 Fulton Street, 547-557 Fulton Street

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