Developers of large Bed-Stuy condo complex score $88M construction loan

The developers of the seven-building Bedford-Stuyvesant condominium complex known as Cascade secured $88 million in construction financing last week from Madison Realty Capital, sources told The Real Deal. The funds allow the development team of Isaac Deutsch’s Empire State Management, Abraham Brach and Nachman Leibowitz to proceed with construction of the 400,000-square-foot project on the old Cascade Linen factory site. The first phase is slated for completion next year. Madison acquired an old $50 million […]

Source: The Real Deal