NEW YORK CITY-The $22.6-million loan to developer OL Washington is the latest in a series of Brooklyn investments for the joint venture.
By Paul Bubny|August 23, 2010 at 04:31 PM
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NEW YORK CITY-Returning to an area that saw frequent investment by the Canyon-Johnson Urban Funds at the height of the market, CJUF has stepped in to help bring a Brooklyn condominium project to completion. The Los Angeles-based joint venture of Canyon Capital Realty Advisors and an entity of Magic Johnson Enterprises is providing a $22.6-million loan to the developers of the Isabella, a 63-unit condo project at 545 Washington Ave. in Brooklyn’s Clinton Hill section.
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