Synapse Development Group borrows $15M for refi of development site in East Williamsburg

March 31, 2020 6:58 am

Justin Palmer’s Synapse Development Group through the entity 280 Meeker LLC as borrower signed a loan agreement with lender UMB Bank as trustee valued at $15 million for 3 parcels, including the tax class unlicensed parking lot (G7) at Meeker Avenue, Meeker Avenue, 280 Meeker Avenue in East Williamsburg. The deal closed on March 25, 2020 and was recorded on March 30, 2020.

This debt package includes a gap loan.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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