Iron Hound Management Secures $386M Loan For Greenpoint Development Site

The development site located at 77 Commercial Street in Greenpoint was recently involved in a transaction. The property, owned by Clipper Equity, was the subject of a deal in which The Bank of China and SL Green Realty provided a loan amount of $386,000,000. The transaction involved a total of 720 units on the site.

Summary of transaction details

• Property Type: Development site
• Transaction Amount: $386,000,000
• Address: 77 Commercial Street
• Market: Greenpoint

The key individuals in this deal included Andrew Matthias and Marc Holliday, representing The Bank of China and SL Green Realty. Additionally, David Bistricer, from Clipper Equity, acted as the landlord in the transaction. Iron Hound Management served as the broker for this deal.