Alloy Development: Alloy Secures $290M Recap, $43M Construction Loan for Brooklyn Project

Brooklyn-based developer Alloy Development has secured a $290 million recapitalization for its mixed-use project at 505 State Street in Downtown Brooklyn. Commercial Observer has learned the firm has simultaneously secured a $42.5 million construction loan from Maxim Capital Group, a New York-based, non-bank, pre-development lender, to complete the second phase of construction at 80 Flatbush [...]