Kamson Corporation borrows $28M from Starwood Mortgage Capital for multifamily property in Greenpoint

Jeff Kurtz’s Kamson Corporation through the entity Grand Mccarren, LLC as borrower signed a loan agreement with lender Starwood Mortgage Capital LLC valued at $28.0 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 52 residential units at 848 Lorimer Street in Greenpoint. The deal closed on November 8, 2019 and was recorded on December 12, 2019.
The property contains a total of 36,266 square feet of built space.
The average loan per unit is $538,462.
The last time the property sold was April 29, 2015, for $593,000.
The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 52 residential units on July 23, 2019.
Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000.There has been one new building permit application totaling 36,266 square feet. Those plans include a total of 52 residential or hotel units. There have been 3 demolition projects filed over the past five years. The demolition included 60 residential units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link