$14.5 Million Construction Loan for Park Slope Apartments

By Carl Gaines March 8, 2012 12:43 pm

JDS Development Group has obtained a $14.5 million construction loan for the completion of an apartment building in Park Slope, Brooklyn.

26034849 $14.5 Million Construction Loan for Park Slope Apartments — 202 8th Street.

The 51-unit building is currently under construction and is owned by 202 8^th Street LLC, an entity controlled by Michael Stern, according to city records. The loan closed in January 2012. Mission Capital Advisors advised on the transaction.

The architect on the 12-story, 50,000-square-foot project is DJ Associates. Neither JDS Development nor Michael Stern could be reached for comment.

Keywords: 202 8th Street, DJ Associates, JDS Development, Michael Stern, Mission Capital Advisors