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Webster Bank Lends $30M for Brooklyn Navy Yard Manufacturing Center

The Brooklyn Navy Yard Development Corporation (BNYDC) has sealed a $30 million sub-leasehold mortgage loan for its Green Manufacturing Center (GMC) property, Commercial Observer has learned. Webster

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Summary

The Brooklyn Navy Yard Development Corporation (BNYDC) has sealed a $30 million sub-leasehold mortgage loan for its Green Manufacturing Center (GMC) property, Commercial Observer has learned.

Webster Bank supplied the loan for the GMC, which is a set of three buildings encompassing light industrial and office space at the Brooklyn Navy Yard.

Proceeds were used […]

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