Loketch Group borrows $19.5M from Citigroup for new office building in Bedford-Stuyvesant

Loketch Group through the entity LL 18 Spencer Holdings LLC as borrower signed a loan agreement with lender Citigroup through the entity Citi Real Estate Funding Inc valued at $19.5 million for 1 parcel, including the tax class office building with seven to 19 stories (O3) at 18 Spencer Street in Bedford-Stuyvesant. The deal closed on March 22, 2021 and was recorded on April 8, 2021.
The building was given its initial temporary certificate of occupancy on April 22, 2020.

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