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Quinlan Development refinances Brooklyn, NY, mixed-use building


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Quinlan Development refinances Brooklyn, NY, mixed-use building

Quinlan Development Group LLC secured $75 million from TD Bank to refinance its mixed-use building at 415 Red Hook Lane in Brooklyn, N.Y., The Real Deal reported, citing public documents.

The debt package for the 21-story rental property, which features 108 apartments and some commercial space, includes a close to $22 million gap mortgage and replaces debt from M&T Bank, according to the publication.

The real estate developer and its partner Building & Land Technology also recently obtained $152 million in refinancing from PCCP for the converted office building at 41 Flatbush Ave. in downtown Brooklyn.

TD Bank did not immediately answer a request for comment, while a Quinlan representative was not available for comment, according to the report.