Hudson Companies lands $280M construction loan for BK Heights project

Hudson Companies landed a $280 million construction loan for its mixed-use, library and condominium tower in Brooklyn Heights. Starwood Property Trust and Related Fund Management provided the debt, which closed Thursday, according to the Wall Street Journal. Starwood provided $200 million and Related filled in the rest. Hudson bought the site from the city for $52 million in a deal that paves the way for a new library and 134 condominium units. “This is the […]

Source: Real Estate

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