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Business

BridgeCity Capital Lends $47M for Prospect Heights Apartments

April 24, 2026
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Castell Group has secured 47.4 million of construction financing to build a multifamily development in Prospect Heights, Brooklyn, Commercial Observer has learned. BridgeCity Capital originated the two-year loan with extension options for the developer’s planned 170-unit apartment project at two adjacent sites on 1029 Dean Street and 1104 Pacific Street.

The deal closed Tuesday at []

Commercial Observer
Commercial Observer

Coverage and analysis from United States of America. All insights are generated by our AI narrative analysis engine.

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