RedSky Capital obtained financing of $60M from Calmwater Capital

RedSky Capital through the entity Redsky Jz Roebling, LLC as borrower signed a loan agreement with lender Calmwater Capital through the entity U.S. Real Estate Credit Holdings Iii-A, Lp valued at $60.0 million for 1 parcel, including the tax class multifamily, artists in residence (D2) and containing 49 residential units at 143 Roebling Street in Williamsburg. The deal closed on August 30, 2019 and was recorded on September 05, 2019.
The property contains a total of 104,661 square feet of built space.

Apollo Commercial Real Estate Finance assigned the existing loan to Calmwater, which issued an additional $8.5 million in new debt. The last time the property sold was July 30, 2014, for $32,250,000.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $1,352,384.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
A recent story on the property. link.

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