Slate Property Group’s SCALE Lending has successfully secured a $46 million bridge loan for Arris Grand, located in the desirable neighborhood of Clinton Hill in Brooklyn. The funding will be used to pay off the construction loan and support leasing efforts for this nine-story building at 982-998 Fulton Street.
Designed by Fogarty Finger, Arris Grand boasts 113 rental units and 7,154 square feet of retail space at the intersection of Grand Avenue and Fulton. Its impressive amenities include a fitness center, roof deck, terrace, and lounges spanning over 10,000 square feet both indoors and outdoors. Corcoran is responsible for managing apartment rentals while RIPCO handles retail leasing.
According to Martin Nussbaum – co-founder and principal at Slate Property Group – “Arris Grand will make an architecturally unique addition to one of Brooklyn’s most iconic brownstone neighborhoods.” He also highlighted its prime location near various transportation options as well as outdoor spaces such as parks and restaurants. With top-notch construction quality combined with extensive amenities on offer here at Arris Grand makes it an attractive choice among renters.
