Jonathan Rose, BedRock close $144M financing package for BK Heights rental

Jonathan Rose Companies and partner BedRock Real Estate Services will go vertical on their 86-unit Brooklyn Heights rental development after locking down $144 million in construction financing and additional equity from a Chinese institutional partner. With the foundation already laid at the partners’ Pierrepont apartment project, vertical construction can now begin after the development team brought on the Beijing-based private equity firm JD Capital as a long-term partner. JD Capital contributed more than $90 million … [more]

Source: Real Estate

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