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Pennrose, Acacia land $117M Freddie Mac loan in Bushwick – Robert Khodadadian

A joint venture including Pennrose Holdings and Acacia Real Estate Development has landed a nine-figure loan for an affordable housing portfolio in Bushwick. Freddie Mac provided the $117.4 million unfunded forward loan for the Hope Gardens portfolio, the Commercial Observer reported. The Brooklyn portfolio is owned by Pennrose, Acacia and a NYCHA affiliate. The loan is serving as construction take-out financing and has a three-year rate lock, according to the publication. The loan has a

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Home Page, Affordable Housing, bushwick, freddie mac, NYCHA, Real Estate Finance The Real Deal New York Read More

  San Antonio-Based Koontz to Build Rental Community in Home Town on November 17, 2022 at 5:29 pm Connect CRE – Robert Khodadadian
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