Treeline Companies signs $36M refi loan with Wells Fargo for two condo units in Downtown Brooklyn

Treeline Companies through the entity Treeline 177 Livingston LLC as borrower signed a refi loan with lender Wells Fargo valued at $36 million for two commercial condos at 177 Livingston Street in Downtown Brooklyn, Brooklyn.
The deal closed on May 28, 2021 and was recorded on June 9, 2021.
The two properties have 86,013 square feet of built space according to PincusCo analysis of city data. The loan price per built square foot is $418 per the PincusCo analysis.
The signatory for Treeline Companies was Michael I. Schor.
Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $201,464.
Michael Schor is chief investment officer and senior counsel at Treeline.

Direct link to Acris document. link