Brooklyn, NY

$22,600,000 First Mortgage

In May 2019, a $22.6 million first-mortgage construction loan was provided to finance the development of a 32-unit condominium project located at 850 Metropolitan Avenue in Williamsburg, Brooklyn. The property is situated in one of Brooklyn’s most supply-constrained and highly desirable residential neighborhoods, benefiting from strong buyer demand, proximity to transit, and close access to Manhattan, supporting successful sell-out upon completion.