As long interest rates rise, these kinds of projects are at risk. Brooklyn, never-occupied offices to be turned into 239 apartments. realtywire.com/northwind-14...
realtywire.com
Northwind Lends $208M for Brooklyn Office Conversion
Northwind Group originated a $208 million construction loan to convert 141 Willoughby Street, a never-occupied Brooklyn tower, into 239 apartments.