Abraham Fructhandler’s FBE Limited borrows $33M from Signature Bank for property in Gravesend

Abraham Fructhandler’s FBE Limited through the entity 1900 Acquisition LLC as borrower signed a loan agreement with lender Signature Bank valued at $32.8 million for 5 parcels, including the tax class land not zoned residential or Manhattan below 110th Street (V1) at Bay 41st Street, 1894 Shore Parkway, 1900 Shore Parkway in Gravesend. The deal closed on January 6, 2020 and was recorded on January 17, 2020.

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