Cushman & Wakefield recently secured a $56 million senior loan refinancing for Quinlan Development Group’s property at 230 Classon Avenue in Brooklyn. The fixed-rate loan was provided by QuadReal, with Cushman & Wakefield’s team of Gideon Gil, Zach Kraft, and Sebastian Sanchez representing the borrower.
Located in the Clinton Hill submarket near The Pratt Institute, 230 Classon Avenue boasts 138 units and top-notch amenities such as a private park, co-working lounge, gaming terrace, penthouse sky lounge with rooftop barbecue grills and fitness center. According to Gil: “The competitive bidding process is evidence of the strong demand and available capital for high-quality multifamily properties.” Tyler Wilkins from Quinlan Development Group adds that they are proud to have delivered The Parish ahead of schedule and under budget to meet the demand for new free market housing options in Clinton Hill.
