Construction Loan Secured For 2366 Bedford Avenue in Flatbush, Brooklyn
![Existing Sears facility, via Google Maps](https://newdevrev.com/wp-content/uploads/2024/03/Screenshot-2024-03-14-at-4.37.29 PM-660x440.jpg)
A $140 million construction loan has been issued for a new seven-story residential development located at 2366 Bedford Avenue in Flatbush, Brooklyn. The loan was issued by SCALE Lending to Clipper Equity, the project’s developer. It marks a continuation of SCALE Lending’s aggressive financing strategy and pushes its 2024 transaction volume to over $400 million in loans provided.
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