Flank borrows $14M from Ladder Capital Finance for property in Brooklyn Heights

Developer and architect Flank through the entity 71 Smith Street Retail LLC as borrower signed a loan agreement with lender Ladder Capital Finance LLC valued at $13.8 million for 3 commercial condominium units at 71 Smith Street also known as 140 Schermerhorn Street in Brooklyn Heights. The deal closed on September 18, 2019 and was recorded on September 23, 2019.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link