FINANCED
RiseBoro Community Partnership Secures $24.7M Rehab Construction Loan For Bushwick Multifamily
113 Linden Street
MultiFamily
Financed 1 year ago
Summary
Loan
NEW YORK
MultiFamily
A subsidiary of RiseBoro Community Partnership, Riseboro Tpt 10 LLC, has secured a rehab construction loan of $24.7 million from Citizens Bank for a portfolio of six properties in Brooklyn's Bushwick neighborhood. The properties consist of a total of 72 multifamily units, located at 113-115 Linden Street, 109-111 Linden Street, and 160 Bleecker Street.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $24,700,000
- Units: 72
- Lender: Citizens Bank - Allen Lamboy
- Landlord: RiseBoro Community Partnership - Emily Kurtz
The loan, provided by Citizens Bank, will be used for the rehabilitation and construction of the properties. This financing will enable Riseboro Tpt 10 LLC to improve and enhance these assets, contributing to the development and revitalization of the Bushwick neighborhood in Brooklyn.
Players
All
1
Lenders
1
Details
FINANCED
IMAGE: Emily Kurtz
DATE: 05/01/2023
ADDRESS: 113-115 Linden Street, 109-111 Linden Street & 160 Bleecker Street
MARKET: Bushwick, Brooklyn
ASSET TYPE: Multifamily ~ UNITS: 72
LENDER: Citizens Bank (@CitizensBank) - Allen Lamboy
LANDLORD: RiseBoro Community Partnership (@RiseBoroNYC) - Emily Kurtz
LOAN AMOUNT: $24,700,000
LOAN TYPE: Rehab Construction
NOTE: RiseBoro Community Partnership's subsidiary, Riseboro Tpt 10 LLC, has secured a $24.7m rehab construction loan from Citizens Bank for six properties with 56 residential units in Brooklyn's Bushwick neighbourhood.View on map
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Address113 Linden Street
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