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Quinlan Gets $24M Mavik Loan for Fort Greene Tower
Announced
Real Estate ServicesNew YorkOther
Deal Overview
Quinlan Development Group secured $23.5 million of acquisition financing for the purchase and development of a multifamily tower in Fort Greene, Brooklyn, at 130 Saint Felix Street. Mavik Capital provided the senior mortgage for acquisition and pre-development costs.
The project is planned as a 23-story apartment building. Quinlan acquired the vacant lot from Gotham Organization, which previously proposed a 23-story condominium tower that faced neighborhood opposition. The excerpted financing headline is $24M.
Key Details
- Transaction
- Quinlan Development Group acquires 130 Saint Felix Street site
- Deal Size
- $10M – $25M
- Reported Value
- $24M
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