Acuity Capital Partners borrows $31.5M from Northwind Group for property in Brooklyn, Manhattan

Acuity Capital Partners through the entity 2269 First Ave Owner LLC as borrower signed a loan agreement with lender Northwind Group through the entity NW First Ave Delevan Lender LLC valued at $31.5 million for 3 parcels, including the tax class land zoned residential, except not Manhattan below 110th Street (V0) and containing 90 residential units at 35 Delavan Street, 21 Delavan Street in Brooklyn and 2269 First Avenue in Manhattan. The deal closed on December 11, 2020 and was recorded on December 28, 2020.
The property contains a total of 0 square feet of built space. The property has 97,249 square feet of available development rights.
The average loan per unit is $350,000.
The signatory for the lender was Ran Eliasaf, and for the borrower Elliot Neumann.
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