News & Insights
SCALE Lending Provides $68.5M Construction Loan To Complete 210 Clarkson Street In Prospect Lefferts Gardens, Brooklyn
SCALE Lending has provided K2 Real Estate Partners with a $68.5 million construction loan to complete a mixed-use residential building in Prospect Lefferts Gardens, Brooklyn. The project site is located at 210 Clarkson Avenue and will eventually support an eight-story property designed by Hill West Architects with 165 rental apartments and a ground-floor grocery store.
Scale Lending Provides $69M Construction Loan on Brooklyn Multifamily Property
K2 Real Estate Partners has landed $68.5 million in construction financing for a ground-up build of a Brooklyn multifamily asset. Scale Lending, the financing arm of Slate Property Group, provided the loan on 210 Clarkson Avenue, a planned 165-unit building in Prospect Lefferts Gardens. Meridian Capital Group arranged the debt package.
Bank Hapoalim Lends $25M on Dumbo Condo Project
Tankhouse’s Sam Alison-Mayne and Sebastian Mendez have nabbed $25 million in construction financing to build a new condominium development in Brooklyn’s Dumbo neighborhood, Commercial Observer has learned. Meridian Capital Group negotiated the debt deal for the ground-up construction of 219 Jay Street with a team that included Senior Managing Director Adam Hakim and Senior Vice President James Murad.
Meridian Lines Up $77M Construction Loan on Miami Luxury Rentals
Meridian Capital Group arranged $77.1 million in construction financing on behalf of Alta Developers for the ground-up development of CREST at Pinecrest, an 18-story, 296-unit luxury multifamily tower in Miami. The construction loan from a national debt fund features full-term interest-only payments.
Meridian Capital Group Arranges $9.5 Million in Acquisition Financing for a Retail Condominium on Second Ave. in Manhattan
New York, NY – Meridian Capital Group, America’s most active dealmaker, arranged $9.5 million in acquisition financing for the purchase of the retail condominium located at 119 Second Ave. in New York, NY on behalf of Premier Equities.
ICER Properties Acquires Six GA Multifamilies with $130M Meridian-Arranged Loan
ICER Properties has acquired six multifamily properties in GA with $130 million in acquisition financing arranged by Meridian Capital Group. The 36-month loan features a LIBOR-based rate with the lender funding a capital improvement program.