Fortress Investment Group Provides $22.5M Acquisition & Construction Loan In Clinton Hill Mixed-Use Transaction

Located in Clinton Hill, the mixed-use property at 10 Grand Avenue has recently undergone a significant transaction. The property spans over approximately 73,670 square feet and is situated in a desirable market.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $22,500,000
• Date: 10/26/2021
• Address: 10 Grand Avenue
• Market: Clinton Hill
• Loan Type: Acquisition + Construction loan
• Lender: Fortress Investment Group
• Landlord: Glacier Equities
• Brokers: Dylan Kane & Zach Redding - Kane-Redding

The loan for this transaction was provided by Fortress Investment Group. Glacier Equities acted as the landlord in the deal. Acting as brokers, Dylan Kane and Zach Redding from Kane-Redding facilitated the transaction between the parties involved.