13 59&60Th Corner LLC obtained financing of $6M from L&L Capital Partners LLC

13 59&60Th Corner LLC as borrower signed a loan agreement with lender L&L Capital Partners LLC valued at $6.0 million for 7 parcels, including the tax class primarily one family with store or office (S1) and containing 6 residential units at 1261 60 Street, 1259 60 Street, 1257 60 Street, 1255 60 Street, 1251 60 Street, and others in Kensington. The deal closed on July 24, 2019 and was recorded on August 22, 2019.
The property contains a total of 2,080 square feet of built space. The property has 15,999 square feet of available development rights.
The average loan per buildable square foot is $185.

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