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Blackstone lends Clipper $74M for BK rental

Blackstone lends Clipper $74M for BK rental

David Bistricer’s Clipper Realty landed $74 million in financing from the Blackstone Group for its acquisition of 107 Columbia Heights, a 161-unit rental building in Brooklyn Heights. Blackstone Mortgage Trust is providing a $59 million acquisition loan and $14.6 million in construction financing, according to loan documents that hit public records Friday. Clipper closed on […]