Louis Greco’s Second Development Services (SDS) is finally getting to work on a condominium conversion of Brooklyn Community Services’s (BCS) headquarters at 285 Schermerhorn Street in Downtown Brooklyn. SDS and an undisclosed private investor landed a three-year construction loan of $53.25 million from hard money lender G4 Capital, in a deal that closed Monday, according to G4 partner Jason Behfarin. The transaction included a “cash-flowing multifamily building” on 33rd Street in Manhattan as collateral and […]
source https://therealdeal.com/2018/10/24/louis-grecos-plan-to-stack-condos-on-top-of-285-schermerhorn-finally-moves-forward/
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