Isaac Gutman borrows $12M from Sabal Capital for property in Tremont

Isaac Gutman through the entity Park Realty 4585 De LLC as borrower signed a loan agreement with lender Sabal Capital through the entity Sabal Capital Ii, LLC valued at $12.3 million for 2 parcels, including the tax class multifamily, over six families without stores (C1) and containing 86 residential units at 709 Fairmount Place, 4585 Park Avenue in Tremont. The deal closed on January 27, 2020 and was recorded on February 6, 2020.
The property has 87,710 square feet of available development rights.
The average loan per unit is $142,899.
The last time the property sold was April 18, 2016, for $8,000,000.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link