AKS Capital Partners Arranges $180.3M Loan For Clinton Hill Development Site

809 Atlantic Avenue and 539 Vanderbilt Avenue, located in Clinton Hill, have been sold in a closed transaction. The property is a development site with a total of 284 units. The transaction took place on November 27, 2019.

Summary of transation details

• Property Type: Development site
• Transaction Amount: $180,300,000
• Lender: SM Tactical Finance II-E LLC - Square Mile Capital, Pacific Western Bank
• Landlord: Hope Street Capital - Jeffrey Gerson
• Brokers: Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz & Michael Diaz - AKS Capital Partners

The key individuals involved in the transaction include Jonathan Schwartz, Aaron Appel, Michael Diaz, Keith Kurland, and Adam Schwartz representing AKS Capital Partners. The lenders for the transaction were SM Tactical Finance II-E LLC (Square Mile Capital) and Pacific Western Bank, while the landlord was Hope Street Capital represented by Jeffrey Gerson.