366 South 5 St LLC obtained financing of $16M from Ellington Management Group

366 South 5 St LLC as borrower signed a loan agreement with lender Ellington Management Group, LLC valued at $15.5 million for 2 parcels, including the tax class multifamily, over six families without stores (C1) and containing 73 residential units at 366 South 5 Street, 374 South 5 Street in Williamsburg. The deal closed on August 08, 2019 and was recorded on August 22, 2019.
The property contains a total of 29,537 square feet of built space.
The average loan per unit is $212,329.

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