Haussmann, KD Sagamore sign $49.5M refi loan with QuadReal in Clinton Hill

UPDATED 6:27 a.m., August 13, 2025: Haussmann Development and KD Sagamore Capital through the entity Kd Sagamore-Ranger Fulton LLC as borrower signed a refi loan with lender QuadReal Property Group through the entity QR Us Finance Reit LLC valued at $49.5 million for the Arris Grand, a 113-unit mixed-use, new construction building at 445 Grand Avenue in Clinton Hill, Brooklyn.

The deal closed on March 14, 2025 and was recorded on March 24, 2025. The prior lender was Slate Property Group which held debt that had an original loan amount of $46 million.
The signatory for Haussmann Development and KD Sagamore Capital was Josef Goodman . The signatory for QuadReal Property Group was Rose Chen.  According to Mann Publications, Haussmann Development made a “controlling minority investment” in the project last year, that resulted in it being the sponsor for the new loan and “serving as the company’s local operating partner.”

The block

On the tax block of 445 Grand Avenue, PincusCo has identified the owners of 10 of the 23 commercial properties representing 129,105 square feet of the 219,702 square feet. The largest owner is KD Sagamore Capital, followed by Cheskel Schwimmer and then Aperture Holdings.
On the tax block, there were two new building construction projects totaling 121,944 square feet. The largest is a 112-unit, 113,816 square-foot residential (R-2) building submitted by Ranger Properties and filed by Sheldon Stein with plans filed August 31, 2018 and permitted February 2, 2022. The second largest is a eight-unit, 8,128 square-foot residential (R-2) building submitted by Mike Shamash with plans filed May 17, 2016 and permitted July 31, 2020.

The majority, or 47 percent of the 219,702 square feet of built space are elevator buildings, with walkup buildings next occupying 28 percent of the space.

Correction: A prior version of this post misspelled the word Haussmann.

Direct link to Acris document. link