MCB Real Estate & Osiris Ventures Secures $76.7M Construction Loan From Truist Bank For Century Marketplace

The property involved in this context is a retail asset located at 472 86th Street, Brooklyn. It encompasses a total square footage of 120,000 and is part of a redevelopment project known as the Century Marketplace, which is valued at $130 million.

The deal features MCB Real Estate and Osiris Ventures as key stakeholders, who secured the $76.7 million in construction financing for the project. This financing is aimed at redeveloping a 14-lot assemblage, facilitating the construction of the proposed Century Marketplace.