SCALE Lending Provides $55M Construction Loan for Brooklyn Apartments
The deal continues an active past year for SCALE, which has closed more than $1.25 billion in loans throughout 2021.
“We are thrilled to continue our momentum from last year with yet another prominent project,” Daniel Ridloff, managing director of SCALE Lending, said in a statement. “We are excited for what’s to come throughout the upcoming year.”
The development is located a short walk from Prospect Park and the Brooklyn Children’s Museum. Forty eight of the units will be set aside as affordable housing under the Affordable New York program.