It’s beginning to look a lot like construction financing for Joel Schwartz just in time for Christmas. The Southside Units developer landed a $72 million loan for a multifamily project at 236 Gold Street in Downtown Brooklyn, the Commercial Observer reported. BridgeCity Capital provided the financing for the 14-story development. The financing comes at an 80 percent loan-to-cost ratio. The term is for 18 months with multiple options for extensions. BridgeCity director of originations EJ Ehrlich said in a statement that the deal reflects a “commitment to financing high-quality, ground-up projects where strong sponsorship and market fundamentals intersect.” Southside did […]

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