Faraj Srour borrows $15.1M from Sterling National Bank for retail in Kensington

Faraj Srour through the entity Mcdonald Avenue Property, LLC as borrower signed a loan agreement with lender Sterling National Bank valued at $15.1 million for 80 parcels, including the tax class two-story or store and office (K2) at 1726 McDonald Avenue in Kensington. The deal closed on March 26, 2021 and was recorded on April 21, 2021.
The property contains a total of 34,800 square feet of built space.
The last time the property sold was March 31, 2014 for $15,600,000.
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