Abraham Ben-Dayan borrows $5.7M from Santander for multifamily property in Homecrest

Abraham Ben-Dayan through the entity FGC 710 Avenue S LLC as borrower signed a loan agreement with lender Santander Bank valued at $5.7 million for 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 43 residential units at 710 Avenue S in Homecrest. The deal closed on July 16, 2020 and was recorded on July 20, 2020.
The property contains a total of 43,200 square feet of built space.
The average loan per unit is $132,093.
A portion of the loan was previously held by Michael Jacobs, who in 2018 bought the debt totaling $4.796 million that had been refinanced by New York Community Bank in 2012.

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