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:

JLL to oversee branding, marking, office leasing at Capitol Crossing
Property Group Partners has selected JLL to lead all branding, marketing and office leasin  »
The Residences at City Center changes hands for $51.5m
HASTA Capital has acquired a mixed use asset for $51.5m in Manassas Park, Virginia. The Re  »
Foulger-Pratt breaks ground on luxury resi project in Washington, DC
Foulger-Pratt has kicked off construction on a mixed-use scheme in the Capitol Hill neighb  »
Jay Group acquires Harlem portfolio for $26.5m
The Jay Group has acquired a five-building Harlem portfolio for $26.5m. The four-story pro  »