Thursday 2 January 2020

Rabsky, Spencer land $70M refi for Broadway Triangle site

Brooklyn developers Simon Dushinsky and Joel Gluck have secured another one-year loan for their massive Broadway Triangle development in Williamsburg. Bank Leumi USA, a New York-based subsidiary of Israel’s Leumi Group, provided $70.5 million in new financing for the development site, which spans two trapezoidal blocks in the triangle bound by Harrison, Union and Flushing Avenues, city property records recorded Thursday show. The new debt replaces a one-year, $65 million loan provided by Centennial Bank



source https://therealdeal.com/2020/01/02/rabsky-spencer-land-70m-refi-for-broadway-triangle-site/

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