A joint venture of Canyon Partners Real Estate, Tavros and Charney Companies has secured $184M in funding for a 260-unit multifamily project in the Gowanus section of Brooklyn.
The 15-story apartment building, to be located at 251 Douglass Street in a qualified opportunity zone, will be funded with $64.4M in equity and a $120M senior construction loan provided by Barings.
The loan was arranged by a Newmark team led by Jordan Roeschlaub and Dustin Stolly, co-presidents of Debt & Structured Finance, and Chris Kramer, an executive managing director.
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