First Republic Bank Provides $95M Condo Inventory Loan To RAL Development For @QuayTowerBK In Brooklyn | Quay Tower BK | First Republic Bank | Loan

Summary

Loan

NEW YORK

169,245 sqft

RAL Development has secured a condo inventory loan worth $95,000,000 from First Republic Bank for the @QuayTowerBK residential condo in Brooklyn. The loan was closed on 08/18/2021, and Vincent Cangelosi, Robert A. Levine, and Spencer Levine are featured in the accompanying image.

Summary of transaction details

Property Type: Residential Condo
Transaction Amount: $95,000,000
Lender: First Republic Bank
Borrower: RAL Development
Address: @QuayTowerBK
Market: Brooklyn

RAL Development, led by Vincent Cangelosi, Robert A. Levine, and Spencer Levine, obtained a condo inventory loan from First Republic Bank for the @QuayTowerBK residential condo in Brooklyn.

Players

All
1

Lenders
1

First Republic Bank

Details

Deal Summary

FINANCED

IMAGE: Vincent Cangelosi, Robert A. Levine & Spencer Levine DATE: 08/18/2021 ADDRESS: @QuayTowerBK MARKET: Brooklyn ASSET TYPE: Residential Condo LENDER: First Republic Bank BORROWER: RAL Development LOAN AMOUNT: $95,000,000 LOAN TYPE: Condo Inventory Loan

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AddressQuay Tower BK

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