Juan Perez borrows $5M from Tri State Capital for property in East Williamsburg

Juan A. Perez through the entity Persam LLC as borrower signed a loan agreement with lender Tri State Capital Bank valued at $5 million for 1 parcel, including the tax class retail building with apartments above (K4) at 18 Knickerbocker Avenue in East Williamsburg. The deal closed on March 24, 2021 and was recorded on April 12, 2021.
The property contains a total of 12,500 square feet of built space. =
The average loan per buildable square foot is $400.

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