Select Transactions—Brooklyn, NY
The Pierrepont
- Multiple parcel development of a new construction 80/20 mixed-income residential and retail tower in Downtown Brooklyn.
- $73,000,000 owner's title insurance with non-imputation coverage.
- $20,500,000 acquisition financing and $29,500,000 construction financing with a HUD interest in affordability.
- Conversion of construction loans to permanent $95,000,000 financing completed in December 2019.
Project Profile
Multiple parcel development of a new construction 80/20 mixed-income residential and retail tower in Downtown Brooklyn.