Betesh and Boruchov of Cushman & Wakefield secure three loans totaling $3.6 million

February 16, 2017 - Financial Digest
Morris Betesh, Cushman & Wakefield Morris Betesh, Cushman & Wakefield
New York, NY Cushman & Wakefield has secured three loans totaling $3.6 million on behalf of a local investor. The loans were used to refinance acquisition/renovation loans of three Brooklyn assets consisting of two mixed-use buildings at 1005 Broadway and 737 Church Ave. and a five-unit multifamily property at 733 Bushwick Ave. Within two years of acquisition, ownership invested significant capital to renovate common spaces and seven out of the nine total residential units. Cushman & Wakefield’s Morris Betesh and Justin Boruchov exclusively handled the transaction. The lender was Cathay Bank. Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Their 43,000 employees in more than 60 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory.
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