Knighthead Funding completes three loans totaling $55.5 million
Knighthead Funding, LLC has financed three loans totaling $55.5 million. The deals include the following:
* $29 million for a condo conversion property. The financing was placed for the acquisition and construction of the property.
* $19.5 million for a redevelopment site. The financing was placed for the acquisition of the property.
* $7 million for a warehouse/redevelopment project. The financing was placed for the acquisition of the property.
Knighthead Funding is a real estate finance company specializing in bridge loans and other alternative debt financing to meet capital needs in a variety of unique lending solutions.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
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