CUR Funding secures $12.7 million in financing

Brooklyn, NY 59 North 6th Street LLC has secured $12.7 million in financing for its site at 59-63 North 6th St. in Williamsburg. The lender was an affiliate of CUR Funding LLC, the lending arm of City Urban Realty headed by Michael Alvandi.

The property comprises of a nearly complete development consisting of 7,500 s/f ground floor plus full basement retail space.

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