The outer boroughs have Real Estate deals that have received the top 10 loans in the month of October. The total amount of these loans was a whopping $1.99B. This is 4 times more than September's loan total of $494M.
Queens and The Bronx took top position for the largest and most loans for October with a loan for $323M issued for the sale of Silvercup Studios with locations in Long Island City and The Bronx. The #2 spot belongs to a $300M refinance for a 1.1M square foot Factory LIC.
Brooklyn, NY continues to show resilience in this challenging time with commercial leasing deals being done in Gowanus, Dumbo and Red Hook as well as high end residential real estate sales on an uptrend over the last month.
The 3rd largest loan in October was an $162.8M construction loan for Olympia, a condo project located at 30 Front Street in Dumbo. The building is planned for 70 units. Fortis Property Group signed the loan docs.
Hampshire Properties landed a $92.8M loan against a 302 unit residential project located at 1277 East 14th Street in Midwood, Brooklyn.
Roni Realty landed a $39M loan for the mixed use building located at 56 N 9th Street in Williamsburg.
Last on Brooklyn's top 4 list for October is Pulse Bedford Development which landed a $38M construction loan for the project located at 94-100 Lenox Road in Flatbush.
If you are interested in selling your property or you know someone who is planning to sell their Brooklyn or New York property, whether a single family residential property, an apartment building, a commercial property, mixed use, multi family, coop or condo, vacant land or a development opportunity, call us. You will be very happy that you did.
We always bring our clients the top market price for their property and provide exceptional personalized service from initial consultation to closing.
Accord Real Estate Group
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