Windsor Global refis $23M from Madison Realty Capital for 44-unit Bed-Stuy development

Jacob Gold’s Windsor Global through the entity 1520 Fulton LLC as borrower signed a loan agreement with lender Madison Realty Capital through the entity Fulton Throop 1 LLC valued at $23 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 44 residential units at 1520 Fulton Street in Bedford-Stuyvesant. The deal closed on December 30, 2020 and was recorded on January 25, 2021.
The property contains a total of 68,024 square feet of built space.
The average loan per unit is $522,727.
The development was started by Hello Living.
Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $4,000.

Direct link to Acris document. link