Wednesday 11 December 2019

Square Mile Capital provides $180M loan for Brooklyn tower

Square Mile Capital Management has provided a $180 million construction loan to the developer behind a planned 29-story tower in Brooklyn. The financing will allow Manhattan-based Hope Street Capital to complete a planned 280,000-square-foot property at 550 Clinton Avenue in Clinton Hill. The project will include 284 residential units, 60,000 square feet of retail space and an outdoor pool, according to the Commercial Observer. The landlord’s design won approval from New York’s Landmarks Preservation Committee



source https://therealdeal.com/2019/12/11/square-mile-capital-provides-180m-loan-for-brooklyn-tower/

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