Friday 31 January 2020

An eyesore for ages, Gravesend project site gets $71M refi

The developer behind a 23-story Gravesend project, which sits on a development site that has remained blighted for over a decade, secured a new financing deal. An entity tied to Thomas Wang’s W&L Group landed $71 million for 2300 Cropsey Avenue, property records filed Friday show. The development site, which previously held a nursing home, sits near the Brooklyn waterfront. Roslyn-based G4 Capital Partners refinanced the developer’s acquisition loan and provided around $66 million in



source https://therealdeal.com/2020/01/31/an-eyesore-for-ages-gravesend-project-site-gets-71m-refi/

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