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MF1 Lends $170M for Flatbush Multifamily Development

Clipper Equity has sealed a $170 million loan to refinance a multifamily development at the site of a former landmarked Sears building in Flatbush, Brooklyn, Commercial Observer has learned.  MF1 Capi

Summary

Clipper Equity has sealed a $170 million loan to refinance a multifamily development at the site of a former landmarked Sears building in Flatbush, Brooklyn, Commercial Observer has learned.

MF1 Capital provided the loan for Clipper’s 354-unit apartment project at 2366 Bedford Avenue slated to debut this year as part of a four-building complex.

The […]

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