Hampshire Properties lands $115M construction loan for Midwood project

Money is for multifamily building at 1277 East 14th Street

TRD New York /
Jul.July 18, 2018 12:00 PM

A rendering of 1277 East 14th Street (Credit: Woods Bagot via YIMBY)

Hampshire Properties has landed a $115 million loan for its multifamily project at 1277 East 14th Street in Midwood.

The loan, provided by Square Mile Capital, will finance all of the 302-unit property, which will stand eight stories tall and span 265,000 square feet, according to Commercial Observer.

The project is located on the former site of the Shulamith School for Girls, and amenities at the building will include a gym, a game room and a rooftop.

Square Mile also recently loaned $260 million to Delancey Street Associates for their Essex Crossing project at 202 Broome Street and $150 million to Tavros Development Partners for their project at the Dime in South Williamsburg. [CO] – Eddie Small

Related Articles

Brokerage firms are strategizing ways to make up losses after the cost of application fees was capped at $20. (Credit: iStock)

Brokerages on rental application fee cap: “It hurts”

An example of roll-off waste management (Credit: YouTube, iStock)

Big building owners prevent city from dumping container-pickup in trash-collection reform

Alex Rodriguez (Photos by Guerin Blask)

A-Rod is coming for NYC and SoFla real estate

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

There will be 70 agents based at the new office (Credit: iStock)

Compass opens Long Island City office as new-development sales surge

California passes landmark rent control law

The Daily Digest - Tuesday

New life for Toys “R” Us, Masa Son is “embarrassed” with the Vision Fund: Daily digest

Nooklyn CEO Harley Courts (Credit: iStock)

Brokerage slashes agent commissions, delays payments after rent law change