Slate Property Group’s Scale Lending
Creative and Flexible
Financing Solutions
Scale Lends $150M to Finish Bronx Multifamily Property
Ben Beitel’s Beitel Group, a New York based development firm, has secured $150 million in construction financing to build a 13-story, 450-unit multifamily property in the Mott Haven neighborhood of The Bronx. Slate Property Group’s debt financing business SCALE Lending provided the financing for the 289,000-square-foot asset that is currently in mid-construction. Landstone Capital Group’s… Read more »
Clipper Equity lands $140M construction loan for Flatbush dev
David Bistricer’s Clipper Equity landed a nine-figure loan for its seven-story multifamily project in Flatbush.Scale Lending, the debt financing division of Slate Property Group, provided $140 million in construction financing to Clipper for a development at 2366 Bedford Avenue in the Brooklyn neighborhood, the firm announced. Landstone Capital Group’s Leah Paskus arranged the financing.
Scale Lending Provides $46M Bridge Loan on Brooklyn Rental Property
KD Sagamore and Ranger Properties have secured $46 million in bridge financing for Arris Grand, a recently completed multifamily development in Brooklyn’s Clinton Hill neighborhood, Commercial Observer has learned. Slate Property Group’s debt financing arm, SCALE Lending, provided the bridge loan. The $46 million in financing is expected to pay off the final construction costs of the project and also go toward stabilizing the property during lease-up.