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Tuesday, 10 September 2019

Developer Secures $63Mln Loan Against Brooklyn, N.Y., Apartment Property

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Commercial Real Estate Direct Staff Report

JCS Realty Group has secured $63 million of financing against the 130-unit Stanwix apartment property in Brooklyn, N.Y.

Cantor Commercial Real Estate provided the loan, which JCS used to retire $49 million of construction debt from S3 Capital.

JCS Realty, a Brooklyn developer, bought the site on which...

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“The Weekly” is Commercial Real Estate Direct’s PDF newsletter, sent to subscribers every Friday morning. With over 100 news stories published on Commercial Real Estate Direct each week, “The Weekly” features the top stories in commercial real estate that industry participants need to know first. “The Weekly” also contains:

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Additional Info

  • Syndicate to Realpoint: No
  • Cities: New York City
  • States: New York
  • Sector: Multifamily
  • Subject: Mortgages/Financing (MOR)
  • Valuation: Between $50 million and $100 million
  • Private: Yes
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Dan Moynihan

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