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21 Garden Street

Mission Capital Arranges $25.5M Construction Loan For Multifamily Property At 21 Garden Street, Brooklyn

21 Garden Street

52,845 SF
clock iconFinanced 1 year ago
Steven Buchwald
Lexington Henn
Jonathan More
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52,845 sqft

A ground-up construction project for 52 multifamily units in Bushwick, Brooklyn has received financing through a $25,500,000 construction loan. The property, located at 21 Garden Street, spans approximately 52,845 square feet and offers a charming living experience in the area.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $25,500,000
  • Address: 21 Garden Street, Brooklyn
  • Market: Brooklyn
  • Units: 52

The lender involved in this transaction is the Post Road Group, represented by Jason Carney and Patrick Monaghan. The Rivington Company, with Travis Stabler and Alejandra Khan at the helm, serves as the landlord for this project. Mission Capital, with brokers Jonathan More, Lexington Henn, and Steven Buchwald, facilitated the deal.

Note: The property qualifies for a 421-A tax abatement, and the sponsor acquired the land at a favorable basis.

For further financing-related inquiries or discussions regarding potential new projects, interested parties may reach out to Jonathan More at [email protected].


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Steven Buchwald's profile picture
Steven Buchwald
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Senior Managing Director
Jonathan More's profile picture
$49.1M Sold


Deal Summary
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IMAGE: Lexington Henn, Jason Carney, Jonathan More & Patrick Monaghan, Steven Buchwald DATE: 12/09/2021 ADDRESS: 21 Garden Street MARKET: Brooklyn ASSET TYPE: Multifamily ~ SF: 52,845 ~ UNITS: 52 LENDER: Post Road Group - Jason Carney & Patrick Monaghan LANDLORD: Rivington Company - Travis Stabler & Alejandra Khan BROKERS: Jonathan More (@Jonny_More), Lexington Henn (@HennHouse9) & Steven Buchwald (@AgentBuch6) - Mission Capital (@Mission.Capital) LOAN AMOUNT: $25,500,000 LOAN TYPE: Construction loan NOTE FROM @Mission.Capital: Ground-up construction financing arranged for 52 multifamily units in a charming area of Bushwick, Brooklyn. Favorable sponsor land acquisition basis. Property qualifies for 421-A tax abatement. Please reach out to Mission for further financing color or to discuss prospective new projects. 👤Jonathan More 📧 [email protected]

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Address21 Garden Street


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