search

The Real Deal Logo

Trending

HGTV’s “Mr. Flip It” gets four years in jail for $10M fraudHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudTrump accused of making false statements about $50M Chicago tower loanTrump accused of making false statements about $50M Chicago tower loanH-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boomLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421a
Commercial
New York

Hampshire Properties lands $115M construction loan for Midwood project

Money is for multifamily building at 1277 East 14th Street

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

Sign Up for the undefined Newsletter

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

Tags
Commercial Real EstateDevelopment