Rabsky reels in $765M refi for DoBro development
The Rabsky Group closed on a massive loan to refinance its Downtown Brooklyn project at 625 Fulton Street. Simon Dushinsky’s firm scored $765 million in debt to refinance the multifamily complex at the corner of Fulton Street and Rockwell Place, the Commercial Observer reported. JPMorgan Chase provided the debt in the form of a balance sheet loan, arranged by Galaxy Capital’s Henry Bodek. The loan was first reported by The Promote. JPMorgan Chase and Rabsky did not return requests for comment from the Observer. The bank debt replaces a $555 million construction loan provided by Madison Realty Capital last year. […]
This article originally appeared on The Real Deal. Click here to read the full story.
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