Brief
Partnership Receives $217M in Construction Financing for Brooklyn Affordable Housing Project
NEW YORK CITY — A partnership between Apex Building Group and L+M Development Partners has received $217 million in construction financing for a new affordable housing project in Brooklyn. The project
Summary
NEW YORK CITY — A partnership between Apex Building Group and L+M Development Partners has received $217 million in construction financing for a new affordable housing project in Brooklyn.
The project represents Phase III of a larger, 27-acre project known as Alafia, which is a redevelopment of the former site of the Brooklyn Developmental Center.
Phase III will comprise 273 units that will be reserved for households earning 70 percent or less of the area median income. Phase III will also invol
Source
- REBusinessOnlinerebusinessonline.com
