(To read more on the multifamily market and the debtand equity markets, click here.)
BROOKLYN, NY-Green Street Development LLC has secured more than$53 million of construction financing for a 130-unit condo projectin the Greenpoint area here. Canyon-Johnson Urban Fund provided$12.4 million in mezzanine financing and the Bank of New Yorkprovided a $41-million senior loan.
110 Green Street Condominiums will include 130 units in thesix-story property as well as 67 parking spaces. It is currently inthe early stages of development with the first residents should beable to occupy their space in summer 2008. Amenities include afitness center, library, garden, staffed playroom and bike storage.The one-, two- and three-bedroom units will have floor to ceilingwindows, and the upper floors and roof decks will have a view ofManhattan.
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