Bank of Princeton provided the loan on CW Realty’s The Vertex property, which opened earlier this year, sources told CO. The financing takes out a previous $20 million construction loan on the 69-unit development.
CW Realty has developed a number of other multifamily projects in Brooklyn including The Kent House, a mixed-use property at 187 Kent Avenue featuring 96 rental units, and Showfields, a lifestyle discovery store designed to look like a six-room home. It is also building a 98-unit apartment building on 1499 Bedford Avenue in Crown Heights slated for completion soon.
Read More Channel, Finance, Refinance, Leah Paskus, Pinchas Vogel, New York City, Brooklyn, East Williamsburg, Bank of Princeton, CW Realty, Landstone Capital Brooklyn developer CW Realty has nabbed a $31 million debt package to refinance a multifamily asset in East Williamsburg, Commercial Observer has learned. Bank of Princeton provided the loan on CW Realty’s The Vertex property, which opened earlier this year, sources told CO. The financing takes out a previous $20 million construction loan on the
Robert Khodadadian has long had a simple philosophy about selling real estate.The way he sees it, there are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller at the right time.Commercial Observer