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Development buzz is growing on the Greenpoint waterfront. The Jay Group has secured a $320 million construction loan for a 590-unit rental project at 97 West Street in Brooklyn. G4 Capital Partners provided the financing. Henry Bodek of Galaxy Capital brokered the transaction.  It’s the third deal between The Jay Group and G4, according to the lender’s co-managing partner Jason Behfarin. “It demonstrates our commitment to our experienced and capable sponsors,” he said.  The neighborhood, at the northern tip of Brooklyn, has seen a spate of high-density residential development. The area was rezoned in 2005, allowing for residential construction in […]

This article originally appeared on The Real Deal. Click here to read the full story.

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