Meadow Partners Acquires Former Menachem Stark Property in Williamsburg With M&T Loan

100 South 4th Street.

100 South 4th Street.

Keeping true to its “relationship lender” motto, M&T Bank provided a $36 million loan to help fund a recent Meadow Partners acquisition, taking a bet on a beleaguered multifamily loft building in Williamsburg, Brooklyn, sources familiar with the negotiations told Mortgage Observer.

The Midtown-based investment firm acquired the rental property at 100 South 4th Street, which was developed by the late Menachem Stark and his partner Israel Perlmutter for $52 million, on Aug. 7, taking it out of a five-year bankruptcy process. Read more on the Commercial Observer

Meadow Partners Acquires Former Menachem Stark Property in Williamsburg With M&T Loan