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Hampshire Properties Receives $115M Loan Secured by Brooklyn Multifamily Building

Construction of the 302-unit property in the MIdwood neighborhood is near completion.

1277 E. 14th St., Brooklyn, NY 1277 E. 14th St., in Midwood, Brooklyn

NEW YORK CITY—Hampshire Properties received $115.1 million in refinancing, secured by the eight-story, 265,000 square-foot multifamily building, located at 1277 E. 14th St. in Brooklyn. Construction is almost complete for the 302-unit development featuring one-, two- and three-bedroom units, 150 parking spaces, a fitness center, game room, concierge desk, inner courtyard and rooftop deck. The property is in the residential neighborhood Midwood.

Square Mile Capital Management originated the loan, which will be used to complete the project’s construction. Morris Betesh from Meridian Capital Group arranged the financing.

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Betsy Kim

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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