Trinity Place Holdings secures $68m to buy resi project in Brooklyn

Trinity Place Holdings secures $68m to buy resi project in Brooklyn

Published at: 2018-06-18 15:40 | Author: CIJ USA
The Canadian Imperial Bank of Commerce has granted a $68m loan to Trinity Place Holdings for the purchase of a multifamily asset in Brooklyn. Meridian Capital Group arranged the funding on behalf of the borrower with a two-year loan which features a floating rate of 3.72 percent over a 30-day LIBOR and full-term interest-only payments. The 12-story building houses 105 units along with 6,200 sq ft of retail anchored by Starbucks. The project includes private outdoor terraces, a landscaped rooftop terrace and a parking garage.

Similar Stories:

Melo Group secures $142m for Square Station in Miami
The Melo Group secured $142m in permanent financing for its mixed-use scheme Square Statio  »
Clarion Partners acquires 114W41 offices in Manhattan for $282m
Clarion Partners bought 114 West 41st Street (114W41) in Midtown Manhattan’s Bryant Park  »
Savanna acquires Manhattan retail, office building for $100m
Savanna has paid $100m for a 12-story office and retail building in Manhattan. The 126,256  »
Rybak Development secures $47.5m for Brooklyn project
Rybak Development secured a $47.5m loan for the construction of a 20-story mixed-use proje  »