RedSky Capital has secured a $127 million refinance agreement on its Fulton Street development site in downtown Brooklyn. The funding, supplied by Apollo Commercial Real Estate, will be used to consolidate existing debt with the financing on more than a dozen properties on a triangular-shaped block that borders the massive City Point complex and the planned supertall rental tower at the site of the former Dime Savings Bank. RedSky has spent more than four years and $104 million putting together the assemblage, which stretches along Fulton Street between DeKalb and Flatbush avenues. The properties encompass 12 of 15 buildings along Fulton Street, and a thirteenth building at 396 Flatbush Avenue Extension. The Fulton buildings include all buildings but three between 547-589 Fulton Street.
