Mohammad Wasim Billah signs $16M refi loan with Morgan Stanley in Williamsburg
312 Broadway (Credit - Google)
Mohammad Wasim Billah through the entity 302 Broadway LLC as borrower signed a refi loan with lender Morgan Stanley through the entity Morgan Stanley Bank valued at $16 million for four properties including the property at 312 Broadway in Williamsburg, Brooklyn.
The deal closed on September 2, 2022 and was recorded on September 21, 2022. The prior lender was Ladder Capital which held debt that had an original loan amount of $13.4 million.
The signatory for Mohammad Wasim Billah was Mohammad Wasim Billah. The signatory for Morgan Stanley was Cynthia Eckes.
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Violations and lawsuits
There were no lawsuits or bankruptcies filed against the properties since September of 2020. In addition, according to city public data, the properties have not received any significant violations in the last year.
Development
There are no active new building construction projects or major alteration projects with initial costs more than $5 million on this tax lot.
The block
There was one new building construction project totaling 26,642 square feet. It is a 24-unit, 26,642-square-foot R-2 building developed by Mohammad Billah with plans filed December 21, 2016 and permitted August 21, 2019.
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