HCS Homecare borrows $23.8M from Bank Hapoalim B.M. for property in Homecrest{

January 25, 2021 7:20 am

HCS Homecare through the entity Alon Baruch LLC as borrower signed a loan agreement with lender Bank Hapoalim B.M. valued at $23.8 million for 3 parcels, including the tax class garage with two or more stories (G1) and containing 6 residential units at 918 Quentin Road, 1999 Coney Island Avenue, and 1989 Coney Island Avenue in Homecrest. The deal closed on January 4, 2021 and was recorded on January 22, 2021.
The property has 31,626 square feet of built space and available development rights. The signatory for the loan was Jeffrey Shemia of HCS.
The average loan per buildable square foot is $754.

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