(To read more on the multifamily market and the debt and equity markets, click here.)

BROOKLYN, NY-Green Street Development LLC has secured more than $53 million of construction financing for a 130-unit condo project in the Greenpoint area here. Canyon-Johnson Urban Fund provided $12.4 million in mezzanine financing and the Bank of New York provided a $41-million senior loan.

110 Green Street Condominiums will include 130 units in the six-story property as well as 67 parking spaces. It is currently in the early stages of development with the first residents should be able to occupy their space in summer 2008. Amenities include a fitness center, library, garden, staffed playroom and bike storage. The one-, two- and three-bedroom units will have floor to ceiling windows, and the upper floors and roof decks will have a view of Manhattan.

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