Daten Group borrows $38M from SL Green Realty for construction in Clinton Hill

Daten Group through the entity CAD Waverly LLC as borrower signed a construction loan agreement with lender SL Green Realty through the entity 540 Waverly Funding LLC valued at $38.0 million at 540-554 Waverly Avenue in Clinton Hill. The deal closed on December 18, 2019 and was recorded on January 15, 2020.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There has been one demolition project filed for the parcels over the past five years.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link