KD Sagamore & Sheldon Stein Secure $46M Bridge Loan For Clinton Hill Multifamily

KD Sagamore and Ranger Properties have secured a $46 million bridge loan from Slate Property Group's lending arm, SCALE Lending, for Arris Grand, a recently completed multifamily development in Brooklyn's Clinton Hill neighborhood. The property is located at 982-988 Fulton Street and is part of the thriving market in Clinton Hill, Brooklyn.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $46,000,000
• Lender: SCALE Lending
• Landlord: KD Sagamore & Sheldon Stein - Ranger Properties
• Date: 01/04/2024
• Market: Clinton Hill, Brooklyn

The bridge loan was provided by SCALE Lending, a lending arm of Slate Property Group, to KD Sagamore and Ranger Properties for the recently completed multifamily development, Arris Grand. Sheldon Stein, from Ranger Properties, was involved in the transaction representing the landlord's interests.