Greenbrook Partners borrows $12.7M from Rialto to buy rentals in Park Slope

Greenbrook Partners through the entity 70 Ppw, LLC as borrower signed a loan agreement with lender Rialto Capital Management through its FS Creit Originator LLC valued at $12.7 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 30 residential units at 70 Prospect Park West in Park Slope. The deal closed on March 19, 2021 and was recorded on March 26, 2021.
The property contains a total of 36,636 square feet of built space.
The average loan per unit is $423,931.

Over the past five years, there have been 7 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 7 renovation/alteration projects (A2) applied for with a total estimated value of $773,600.

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