Paul Henry’s Patoma Inc. obtained financing of $9M from Popular Bank

Paul Henry’s Patoma Inc. through the entity 250 Agent LLC as borrower signed a loan agreement with lender Popular Bank valued at $9.1 million for 4 parcels, including the tax class three-family (C0) and containing 12 residential units at 248 South 3 Street, 250 South 3 Street, 252 South 3 Street, 254 South 3 Street in Williamsburg. The deal closed on May 31, 2019 and was recorded on September 05, 2019.
The property contains a total of 4,185 square feet of built space. The property has 729 square feet of available development rights.
The average loan per unit is $761,500.
The last time the property sold was December 07, 2012, for $2,400,000.
The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 3 residential (or hotel) units on August 16, 2016.

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