{"id":180,"date":"2020-10-22T18:31:03","date_gmt":"2020-10-22T18:31:03","guid":{"rendered":"http:\/\/winter.think33.com\/?post_type=deals&p=180"},"modified":"2020-10-22T18:31:03","modified_gmt":"2020-10-22T18:31:03","slug":"13253000-of-financing-for-the-acquisition-and-ground-up-development-of-a-31-unit-townhome-style-condominium-in-the-clinton-hill-neighborhood-of-brooklyn-ny","status":"publish","type":"deals","link":"https:\/\/www.winterandcompany.com\/deal\/13253000-of-financing-for-the-acquisition-and-ground-up-development-of-a-31-unit-townhome-style-condominium-in-the-clinton-hill-neighborhood-of-brooklyn-ny\/","title":{"rendered":"$13,253,000 for the acquisition and ground-up development of a 31-unit condominium in Clinton Hill, Brooklyn, NY"},"content":{"rendered":"\n

Winter & Company<\/a> has arranged a $13,253,000 construction loan <\/strong>for an active developer for the ground-up development <\/strong>of 31 townhome-style condominium units <\/strong>in the Clinton Hill <\/strong>neighborhood of Brooklyn, NY, <\/strong>close to the Barclay Center. The36-month construction loan<\/strong>represents 70% loan-to-cost and 74% loan-to-stabilized value <\/strong>(based upon the finished property\u2019s hypothetical value as a rental). The development is very efficiently designed maximizing sellable square footage and minimizing common areas and is located close to major subways. The design of the units wasalso intended to integrate with the scale of style of the townhouses in the neighborhood.<\/p>\n","protected":false},"excerpt":{"rendered":"

Winter & Company has arranged a $13,253,000 construction loan for an active developer for the ground-up development of 31 townhome-style condominium units in the Clinton Hill neighborhood of Brooklyn, NY, close to…<\/p>\n","protected":false},"featured_media":0,"template":"","deal-category":[2],"acf":[],"yoast_head":"\n$13,253,000 for the acquisition and ground-up development of a 31-unit condominium in Clinton Hill, Brooklyn, NY - Winter & Company<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.winterandcompany.com\/deal\/13253000-of-financing-for-the-acquisition-and-ground-up-development-of-a-31-unit-townhome-style-condominium-in-the-clinton-hill-neighborhood-of-brooklyn-ny\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$13,253,000 for the acquisition and ground-up development of a 31-unit condominium in Clinton Hill, Brooklyn, NY - 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