Developer of Bed-Stuy condo project nabs $55M loan

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But this year, only one Manhattan project crossed the billion-dollar mark, and developers. lands $116M UOB loan for UES condos," by The Real Deal’s Konrad Putzier: http://bit.ly/2iYDQvP.

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Victor Group and Lendlease Development planning 55-story tower with residences, retail space north of Madison Square Park. A development group has secured $369 million in financing for a luxury condominium project north of Manhattan’s Madison Square Park, despite a slowing market for condo sales in New York. Victor Group.

Real estate developer and investment firm cape advisors scored a $52 million construction loan for a luxury condominium development in Manhattan’s Tribeca neighborhood, according to a statement.

The developer behind a ground-up condominium development at 948 Myrtle Avenue in Brooklyn has secured a $55 million construction and refinancing loan. Prior reports suggested that Rabsky Group and.

First home buyer and investor housing demand First-time buyers want to buy a home to live in for longer than their predecessors. He said that the fall in demand from investors, many of whom have pulled out of the market, had affected demand.

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Developer scores $1.25B loan for NYC condo project. The CIF loan makes it possible for the developer to begin pre-sales later this year, with construction set for completion in 2019.

Higher interest rates are a sign of a good economy – especially compared with historically low unemployment rates – the change has many consumers hesitating about jumping into the housing market.Developer of Bed-Stuy condo project nabs $55M loan HFF facilitated the sale of the 15-story historic apartment building to a joint venture between The.

Bedford-Stuyvesant (/ b d f r d s t a v s n t /; colloquially known as Bed-Stuy) is a neighborhood in the north-central portion of the New York City borough of Brooklyn.Bedford-Stuyvesant is bordered by Flushing Avenue to the north (bordering Williamsburg), Classon Avenue to the west (bordering Clinton Hill), Broadway to the east (bordering Bushwick and East New York.

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Developer of Bed-Stuy condo project nabs $55M loan. The developer behind a ground-up condominium development at 948 Myrtle Avenue in Brooklyn has secured a $55 million construction and refinancing loan. Madison Realty Capital on Tuesday confirmed the loan for the 214,000-square-foot mixed-use project, but would not confirm the identity.

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