### Haussmann Development Secures $49.5M Refinancing for Brooklyn’s Arris Grand
Haussmann Development has secured a $49.5 million refinancing loan for Arris Grand, a mixed-use development at 445 Grand Avenue in Brooklyn’s Clinton Hill neighborhood. The fixed-rate loan, provided by QuadReal Property Group, includes flexible prepayment terms and replaces a $46 million construction loan from Scale Lending.
Haussmann acquired a controlling minority investment in the property in 2024, taking on the role of local operating partner and sponsoring the new loan. The refinancing deal was brokered by Alan Blank, Zach Kraft, and Gideon Gil of Cushman & Wakefield. With a strong track record in navigating volatile capital markets, Haussmann is actively seeking structured, controlling investments in Class A assets across New York City.
Arris Grand, a 102,000-square-foot development by KD Sagamore and Ranger Properties, was completed in 2024. The nine-story building features 113 apartments, including 34 affordable units, and is fully leased.
