Invictus Real Estate Partners has closed a $62.25 million construction loan for a mixed-use development project in Brooklyn’s Prospect Lefferts Gardens. The seven-story building, located at 1730 Bedford Avenue, will feature residential, commercial and retail spaces including a new 33,000 square foot Lidl grocery store. Additionally the development is being undertaken by Seventh Street Development Group and will include 57 residential apartments as well as Chipotle restaurant and approximately 30,000 square feet of additional retail/commercial space.
Christopher Pardo – co-founder & managing partner of Invictus – commented “despite current market conditions we remain dedicated to delivering comprehensive financing solutions tailored to diverse situations & property types within the real estate sector” Eastern Union’s Abraham Bergman & Yossi Orzel arranged the mortgage for this project.
