Apr 22, 2025

Apr 22, 2025

This Week's N.Y. Deal Sheet: East New York Housing Project Lands $315M

This Week's N.Y. Deal Sheet: East New York Housing Project Lands $315M

Gotham Organization, Monadnock Development and nonprofit Christian Cultural Center scored a $315M construction loan for a planned 425-unit rental residential project in East New York, according to a release.The funding came from a few different sources. Syndicator Red Stone Equity Partners raised $151M in low-income housing tax credit and brownfield credit equity financing provided by JPMorgan Chase.

East New York Housing Project Lands $315M
East New York Housing Project Lands $315M
East New York Housing Project Lands $315M

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.