Brooklyn’s 22-acre Pacific Park megaproject has hit another snag — this time with the project’s EB-5 loan. Roughly a quarter of a $249 million mezzanine loan that Chinese EB-5 investors pooled together for the next phase of the project will have to be redeployed after one of the development sites traded hands, sources told The Real Deal. A joint venture between the U.S. arm of China’s Greenland Group and Forest City Realty Trust announced last […]
source https://therealdeal.com/2019/02/21/eb-5-money-up-in-the-air-after-greenland-agrees-to-sell-pacific-park-site/
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