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REBUSINESS ONLINE: Mission Capital Arranges $15.2M Loan for Brooklyn Redevelopment Project

July 1, 2019

Mission Capital Arranges $15.2M Loan for Brooklyn Redevelopment Project

The Box Factory is a redevelopment project in Brooklyn that will convert a former industrial building into an office and entertainment complex.

NEW YORK CITY — Mission Capital Advisors has arranged a $15.2 million loan for The Box Factory, a former industrial building in Brooklyn that is being redeveloped into a 65,837-square-foot office and entertainment complex. Proceeds will be used to refinance construction debt and further redevelop the property. Jonathan More, Ari Hirt and Lexington Henn of Mission Capital arranged the financing on behalf of the project development team, which is led by Brickman Real Estate and Hornig Capital Partners. Construction began in 2018. Pine River provided the loan.

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commercial real estate

Debt & Equity

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