Humberto Lopes borrows $5.5M from Popular Bank for private school property in Red Hook

Humberto Lopes through the entity Red Hood Property Group LLC as borrower signed a loan agreement with lender Popular Bank valued at $5.5 million for 1 parcel, including the tax class private schools (W8) at 556 Columbia Street in Red Hook, Brooklyn. The deal closed on August 14, 2020 and was recorded on August 21, 2020.
The property contains a total of 98,632 square feet of built space.
The average loan per buildable square foot is $56.
Humberto Lopes obtained $1.2 million in new debt.
The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building on August 28, 2015.
Over the past five years, there have been 5 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $395,000. There has been one demolition project filed for the parcels over the past five years.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link