Invictus Real Estate Partners Provides $62M for Brooklyn Mixed-Use Complex

Excerpt from the Commercial Observer website: It’s not a “Lidl” deal in this tight credit market. 

Seventh Street Development Group has secured $62.25 million in construction financing for a sprawling, 105,000-square-foot mixed-use project in Crown Heights, Brooklyn, that will be  anchored by a 33,000-square-foot Lidl discount supermarket. 

The two-year, floating-rate loan was provided by Invictus Real Estate Partners, together with Maxim Capital Group and Beach Point Capital Management. Maxim Capital Group served as a senior leverage partner on the loan with Invictus, while Beach Point Capital Management partnered on the balance capital stack, according to a source close to the deal.  

Read the full article here: Invictus Real Estate Partners Provides $62M for Brooklyn Mixed-Use Complex – Commercial Observer