Clipper Equity signs $20M loan for newly completed rental in Crown Heights
Clipper Equity through the entity 1010 Pacific Owner LLC as borrower signed an initial loan with lender Valley National Bank valued at $20 million for the newly constructed rental building at 1010 Pacific Street in Crown Heights, Brooklyn. On the tax block, there were two new building construction projects totaling 150,574 square feet. The largest is a 175-unit, 118,994 square-foot residential (R-2) building submitted by…