Quinlan Gets $24M Mavik Loan for Fort Greene Tower

Quinlan Development Group secured $23.5 million of acquisition financing for the purchase and development of a multifamily tower in Fort Greene, Brooklyn, at 130 Saint Felix Street. Mavik Capital provided the senior mortgage for acquisition and pre-development costs.

The project is planned as a 23-story apartment building. Quinlan acquired the vacant lot from Gotham Organization, which previously proposed a 23-story condominium tower that faced neighborhood opposition. The excerpted financing headline is $24M.