Interior Design School Review

Main Menu

  • Home
  • Interior Design Loans
  • Designer Reviews
  • Interior Design
  • Architecture and Finance
  • Capital

Interior Design School Review

Header Banner

Interior Design School Review

  • Home
  • Interior Design Loans
  • Designer Reviews
  • Interior Design
  • Architecture and Finance
  • Capital
Interior Design Loans
Home›Interior Design Loans›Developers close $45 million inventory loan for Oosten condominiums in Williamsburg, Brooklyn

Developers close $45 million inventory loan for Oosten condominiums in Williamsburg, Brooklyn

By Macie Vincent
April 25, 2022
0
0

Xin Development Group has completed a $45 million inventory loan for The Oosten Condominiums in South Williamsburg, Brooklyn. The owner and developer will use the inventory loan to repay the remaining construction loans secured to finance the completion of the property.

Completed in 2015, the condominium building is located at 429 Kent Avenue and features 216 units with listing prices ranging from $965,000 for a one-bedroom apartment to $6.5 million for a five-bedroom penthouse. bedrooms.

The building was designed by Dutch architect Piet Boon with Think! Architecture & Design. The facade features a mix of bronze-framed windows, off-white cladding, and beige masonry features. The property is shaped like a large “O”, with a landscaped common courtyard and a private terrace facing the interior.

Courtyard at The Oosten

Courtyard at The Oosten

Courtyard at The Oosten

Facilities include an indoor swimming pool, children’s playroom, roof terrace, on-site concierge, storage facilities and underground parking.

Vanadium Realty, a Manhattan-based real estate development and investment firm, represented Xin Development Group to secure the inventory loan through New York-based real estate bridging lender Kriss Capital.

“Leveraging our first-hand understanding of residential development as well as our global network of relationships, Vanadium was able to quickly arrange the right capital and terms to meet the borrower’s objectives,” said the Founder. and CEO of Vanadium, Stephen Muller. “Kriss Capital was a great person to work with. We concluded on the initial terms quoted and ahead of schedule.

Subscribe to YIMBY daily email

Follow YIMBYgram for real-time photo updates
As YIMBY on Facebook
Follow YIMBY’s Twitter for the latest YIMBY news

429 Kent Avenue Brooklyn Piet Boon Residential South Williamsburg The Oosten Think Architecture & Design Think Architecture and Design Vanadium Realty Williamsburg XIN Development

Related posts:

  1. The 5 finest photo voltaic panel loans of 2021
  2. Transactions and financing: acquisition of the $ 165 million portfolio of Focus; Sabra’s $ 29 million transaction
  3. Banker’s Hours column: Ready to see what occurs when mortgages roll out of forbearance
  4. Steak ‘n Shake avoids chapter, accuses lender of tried buyout

Categories

  • Architecture and Finance
  • Capital
  • Designer Reviews
  • Interior Design
  • Interior Design Loans

Recent Posts

  • The airplane seat with headphones installed in the headrest
  • Coastal Grandma, Y2K and More
  • Applications invited for members of the Physical Planning Authority
  • The Sims 4 Interior Designer Career Guide
  • THE 2022 Show: Astell&Kern KANN MAX DAP

Archives

  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • July 2020
  • May 2020
  • November 2019
  • September 2019
  • August 2019
  • July 2019
  • Privacy Policy
  • Terms and Conditions