David Bistricer Of Clipper Equity Secures $160M Refinance Loan For Prospect House In Crown Heights

The property asset involved is a 240-unit multifamily development located at 953 Dean Street in Crown Heights, Brooklyn. The transaction is characterized by a refinance loan amount of $160,000,000 secured by Clipper Equity for the Prospect House development.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $160,000,000
• Address: 953 Dean Street
• Market: Crown Heights, Brooklyn
• Lender: Scott Waynebern & Michael Squires and Ben Rosenberg - MF1 Capital
• Landlord: David Bistricer - Clipper Equity
• Brokers: Leah Paskus & Pinchas Vogel - Landstone Capital Group
• Loan Type: Refinance

Key individuals in this transaction include Scott Waynebern, Michael Squires, and Ben Rosenberg representing MF1 Capital, who provided the financing. David Bistricer, representing Clipper Equity, is the landlord securing the refinancing. The brokerage services were handled by Leah Paskus and Pinchas Vogel from Landstone Capital Group.