US EditionMetropolitan Lends $19M for Brooklyn Homeless Shelter Conversion
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Metropolitan Lends $19M for Brooklyn Homeless Shelter Conversion
Elmo Realty has secured a $19 million loan to refinance a recently completed conversion of a historic Brooklyn school into a shelter for homeless families, Commercial Observer has learned. Metropolitan Commercial Bank provided the 10-year loan on the developer’s gut rehabilitation of the former Public School 83 building in Crown Heights, according to Elmo. The property housed what is considered to be one of the first schools in the U.S. to fully…
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