Signature backs UAL’s Brooklyn resi project

21 December 2017

United American Land has obtained $65 million in refinancing for its project 503 Fulton Street in downtown Brooklyn. The funding, which was provided by Signature Bank, replaces a $37 million instrument from TD Bank. The package includes a gap mortgage of $27.5 million. The 7-story, 139,000 sqf building features 121 residential units and retail spaces occupied by Old Navy and TJ Maxx.

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