2700 Atlantic NY LLC

Joel Schwartz, through the entity 2700 Atlantic Ny LLC, secured a $32.4 million refinancing deal with lender Golden Bridge Funding, represented by Golden Bridge R2 LLC, for the development building (V1) at 2700 Atlantic Avenue in East New York, Brooklyn. The prior lender was Cross River Bank, which had provided a $42 million loan in April 2023. The property, acquired by Schwartz on May 3, 2022, has 10,460 square feet of built space and 62,969 square feet of additional air rights, allowing for a total buildable area of 62,969 square feet. The loan amount was reduced in the refinancing from the original loan provided by Cross River Bank. The signatory for Joel Schwartz was Joel Schwartz, and Haim Dadi signed on behalf of Golden Bridge Funding. This transaction involves a leasehold mortgage.