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Deals & Dealmakers

Bridge loan for Brooklyn borrower

CUR Funding LLC, the lending arm of City Urban Realty, through an affiliate entity, has funded a $6,000,000 bridge loan secured by a portfolio of mixed-use buildings in Fort Greene and Clinton Hill, Brooklyn.

The buildings, located at 701 & 703 Fulton Street, 173 Lexington Avenue, and 451 Classon Avenue, total approximately 15,500 s/f.

The borrowers, J.J. Fulton Realty Corp. and 451 Classon Corp., required capital to consolidate and pay off maturing loans.

City Urban Realty, headed by Michael Alvandi, is a privately held real estate investment company dedicated to commercial real estate equity and debt opportunities through its lending division CUR Funding LLC.

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