Two Trees Management borrows $26M from M&T Bank for property in Brooklyn

Two Trees Management through the entity 25 Washington LLC as borrower signed a loan agreement with lender M&T Bank through the entity M&T Realty Capital Corporation valued at $26.5 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 106 residential units at 25 Washington Street in Brooklyn. The deal closed on November 17, 2020 and was recorded on January 13, 2021.
The property contains a total of 101,790 square feet of built space.
The average loan per unit is $250,000.

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