Jonathan Aghravi and his capital advisory team, formerly of Eastern Consolidated, have completed more than $150 million in finance transactions over the last two months. That includes their latest deal, a $76.5-million financing package to fund the construction of a condominium development at 285 Schermerhorn St. between Bond and Nevins streets in Downtown Brooklyn.
The financing for 285 Schermerhorn consists of a $53,250,000 senior loan from G4 Capital, and a $23.3-million mezzanine loan. Aghravi, John Leslie, and Charles Han represented the borrower, 285 Schermerhorn LLC, and had secured the acquisition loan in March 2017.
The 285 Schermerhorn Street project is being developed by Louis Greco of SDS Development, who will act as the project’s GC.
The Aghravi team has several other transactions that are set to close. Aghravi said his team has been “fielding numerous offers from various shops” since Eastern closed its doors, and will be announcing a decision soon.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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