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BK Mixed-Use Condo Lands $33M 

Meridian Capital Group has arranged $33.1 million in financing for the construction of a mixed-use condominium property in Brooklyn’s Park Slope. The financing, provided by a balance sheet lender, was secured by Morris Betesh, Eli Serebrowski, and Alex Bailkin of Meridian.  

The six-story development will feature 29 condo units and one townhome. “Despite tightening bank liquidity in the construction lending market, we were able to secure low-cost financing from a community bank to fund the development of 29 condo units, ground-floor retail, and the conversion of a historic building into a single-family townhome. Demand for condos in Park Slope has held strong through the high interest rate environment,” said Betesh. 


Inside The Story

Morris Betesh

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

  • ◦Financing
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