One of the largest investors eying bad real estate loans in New York has met head-on with one of Brooklyn’s biggest boom-and-bust stories. The joint-venture between SKW Funding and private equity giant Bain Capital bought the roughly $70 million loan on RedSky Capital’s Greenpoint development site, sources told The Real Deal. The loan for the site at 18 India Street, where RedSky had planned to build a 40-story residential tower before its development portfolio started
source https://therealdeal.com/2020/09/04/chinese-billionaire-unloads-debt-on-struggling-greenpoint-project/
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