The published transaction
Senior loan for a 22,000 SF mixed-use property, bridge to lease up in Brooklyn.
The published transaction covers 22,000 square feet of mixed-use property at 135 Kent Avenue. The H Equities record describes a bridge to lease-up. Traded identifies a repositioning loan and names H Equities and 141 Funding. The reported loan amount is not a disclosure of either lender’s individual contribution.
Questions for a similar opportunity
The following are general diligence questions for this structure. They are not a claim about the confidential underwriting, challenges or outcomes of this transaction.
- Current leases versus projected lease-up income.
- Capital expenditures and tenant delivery obligations.
- Interest carry and a refinance or sale that supports the payoff.
Bring us your situation
Send the property, requested capital, existing financing, sponsor experience and timing. A past transaction illustrates a capital structure; current terms and availability depend on a new review.