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Construction Loan Secured For 2366 Bedford Avenue in Flatbush, Brooklyn

Existing Sears facility, via Google Maps
Existing Sears facility, via Google Maps
Source: New York Yimby

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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