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.

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

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