L3 Capital through the entity Rs Jz Bedford – N 6Th, LLC as borrower signed a loan agreement with lender JPMorgan Chase Bank valued at $125.98 million for 13 parcels, including the tax class one-story store building (K1) and containing 19 residential units at 124 North 6th Street, 134 N 6th Street, 92 North 6th Street, 102 North 6th Street, 108 North 6th Street, and others in Brooklyn. The deal closed on December 31, 2020 and was recorded on January 15, 2021.
L3 acquired control of the properties from RedSky Capital simultaneously, in a deal valued at $145 million recorded a week earlier.
This is a refiling of the debt with the new borrower, L3 Capital, which acquired the property through a deed in lieu of foreclosure.
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