169
NEW YORK CITY — Berkadia Commercial Mortgage LLC has originated $35 million in financing for The Chocolate Factory, a mixed-use property located in the Wallabout neighborhood of Brooklyn. The borrower, The Chocolate Factory LLC, will use the loan to refinance its mixed-use facility. The seven-year loan features a 73 percent loan-to-value ratio. The Chocolate Factory, located at 275 Park Ave., was built in 1890 and served as a fully operational chocolate factory until 1967. Yuri Kletsman of Berkadia worked with the borrower to arrange the fixed-rate financing. Kletsman also worked with lender Freddie Mac to arrange the loan.