Starwood Property Trust Provides $49M Construction & Acquisition Loan For Canarsie Industrial Property

Daniel Neidich, Peter Rotchford, Andrew Joblon, Christopher Peck, and Ryan Nelson are featured in an image posted on Instagram. The post includes information about a loan transaction that took place on December 22, 2021. The property involved is located at 807 Bank Street and 300 DeWitt Avenue in Canarsie. It is an industrial asset with a total area of 172,000 square feet situated on 2.06 acres.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $49,021,636
• Market: Canarsie
• Address: 807 Bank Street & 300 DeWitt Avenue
• Square Footage: 172,000
• Acres: 2.06

The loan for this transaction was provided by Starwood Property Trust. The landlords involved in the deal are Andrew Joblon and Ryan Nelson from Turnbridge Equities, as well as Daniel Neidich from Dune Real Estate Partners. The brokers representing the transaction are Christopher Peck and Peter Rotchford from JLL Capital Markets.

The loan type for this transaction is described as a Construction & Acquisition Loan.