Cammeby’s International Group borrows $40M from New York Community for property in Lincoln Square

Cammeby’s International Group through the entity 1995 Cam LLC as borrower signed a loan agreement with lender New York Community Bank valued at $40 million for 2 parcels, including the tax class retail condominium (RK) at 1995 Broadway in Lincoln Square. The deal closed on December 9, 2020 and was recorded on December 16, 2020.

The financing includes an $8.5 million gap loan.

Direct link to Acris document. link