Scale Lending Supplies $40M Loan for New Clinton Hill Apartment Building
Developers Ranger Properties and KD Sagamore Capital have nabbed a $40 million construction loan to build a new multifamily property in Clinton Hill, Brooklyn, Commercial Observer has learned.
Scale Lending, the financing arm of Slate Property Group, provided the debt package for the ground-up construction project at 982-988 Fulton Street. The development will feature 113 apartments, with 30 percent of the units set aside for affordable housing.