Toby Moskovits lands $81M refi for new BK rental building

Toby Moskovits has secured an $81 million refinancing for her 193-unit Crown Heights rental building at 564 St. John’s Place, according to property records. The money comes from Benefit Street Partners Realty Trust, and a spokesperson for Moskovits’ Heritage Equity Partners confirmed the amount. Heritage bought out a controlling stake in the project back in 2014 with the help of a $23.5 million loan from Madison Realty Capital. The property opened earlier this year. Rents […]

Source: Real Estate

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