Cornell Realty Nabs $15M Bridge Loan for Brooklyn Condos

Published: 5/12/2017
Cornell Realty Nabs $15M Bridge Loan for Brooklyn Condos
Source: COMMERCIALOBSERVER.COM

Madison Realty Capital has provided a $15 million floating-rate bridge loan to Cornell Realty Management to finance the development of 948 Myrtle Avenue in Brooklyn, Commercial Observer can exclusively report. The lender declined to provide the precise terms of the financing, but noted that its typical bridge loans earn an interest rate between eight and […]

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