Property Markets Group gets $18.5M construction loan from Maxim for Brooklyn property

Property Markets Group through the entity Gowcan Owner LLC as borrower signed a loan agreement with lender Maxim Credit Group, LLC valued at $18.5 million for 4 parcels, including the tax class garage with two or more stories (G1) at 267 Bond Street, 498 Sackett Street, 510 Sackett Street, and 495 Sackett Street in Brooklyn. The deal closed on March 12, 2021 and was recorded on March 25, 2021.

This is a new construction loan.
Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000.

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