Clipper Equity Refinances Casa Hope Multifamily In Williamsburg With $85M Loan From Valley National Bank

Clipper Equity has secured an $85 million loan from Valley National Bank to refinance its 143-unit Casa Hope multifamily property located at 130 Hope Street in Williamsburg, Brooklyn. The transaction took place on December 22, 2023. The property is a multifamily building with 143 units.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $85,000,000
• Address: 130 Hope Street, Williamsburg, Brooklyn
• Market: Williamsburg, Brooklyn
• Units: 143

The loan was provided by Jeff Puchin from Valley National Bank. The landlord in this deal is David Bistricer from Clipper Equity. The broker representing Clipper Equity in the transaction is Leah Paskus from Landstone Capital Group.