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Atlantic Realty refis Gowanus development with $90M loan from Northwest Mutual
6 days ago - By The Real Deal New York
Atlantic Realty Development refinanced its 270-unit rental building in Gowanus with a $90 million loan from Northwestern Mutual Life Insurance, property records filed with the city Tuesday show. Northwestern provided $10 million in new debt and consolidated an $80 million construction loan PNC Bank had issued last year on the project at 363 Bond Street on the Gowanus Canal, according to records. Representatives for Atlantic Realty and Northwestern were not immediately available for comment. Woodbridge, [...]
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