Partnership Receives $121M in Financing for Brooklyn Mixed-Income Housing Project

A partnership between BEB Capital, Totem, Ofer Cohen and SK Development has received $121 million in financing for a 187-unit mixed-income housing project that will be located at 737 Fourth Ave. in Brooklyn’s Sunset Park neighborhood. The financing consists of a $96 million construction loan that was co-originated by Canyon Partners and J.P. Morgan and a $25 million equity investment from Tribeca Investment Group…

Read More: https://rebusinessonline.com/partnership-receives-121m-in-financing-for-brooklyn-mixed-income-housing-project/