Construction Loan for Boutique Brooklyn Condominium

August 25, 2022

T30 Capital provided a first mortgage construction loan collateralized by 170 Java Street in the Greenpoint neighborhood of Brooklyn, New York. Once developed, the property will feature a four-story, six-unit, boutique residential condominium consisting of 5,616 net sellable square feet.

The loan refinanced the acquisition loan and will fund the remaining construction costs. The Sponsor is a local developer that has extensive experience and a successful track record of developing multifamily properties in the Greater New York City market.