Stay updated with breaking news from Douglaston Development. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Fannie Mae provided the debt. Greystone has arranged for a $42.3 million Fannie Mae Delegated Underwriting and Servicing loan to 800 City Apartments LLC for a multifamily property in Louisville, Ky.
Seventh Street Development Group has closed on a $62.25 million construction loan for the development of mixed-use project in Brooklyn, NY.
About 30 percent of the units will be permanently affordable.
In the year since 421a expired, multifamily project filings have fallen, developers have offloaded properties and some have been sued.
Manhattan-based developer Douglaston aims to deliver 456 apartments and 30,000 square feet of retail in Brooklyn