Avery Hall Lands $73M Loan for Gowanus Project therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
Developer Avery Hall and its joint venture partners Declaration Partners and Bridge Investment Group have secured $72.5 million of construction financing to build a multifamily development in Brooklyn’s Gowanus neighborhood, Commercial Observer has learned. TD Bank supplied the loan for the developers’s planned 17-story project at 544 Carol Street, which is slated for completion in late 2025. JLL (JLL)’s Christopher Peck and Peter Rotchford arranged the transaction through Bridge Investment Group’s qualified opportunity zone vehicle launched in 2018.
With mortgage rates above what they were last year, a number of deep-pocketed New Yorkers are postponing a big purchase and living in luxe rentals instead.
Affinius Capital Provides $110 in Construction Financing for 193-Unit Multifamily Project in Gowanus/Park Slope rew-online.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rew-online.com Daily Mail and Mail on Sunday newspapers.