Clipper Equity, led by David Bistricer, refinanced its 240-unit residential building at 953 Dean Street in Crown Heights with a $115 million loan from Berkshire Residential Investments. The property spans 237,103 square feet, equating to $485 per square foot. The new financing replaces a prior $115 million loan from Valley National Bank. The site has three major active development projects totaling 358,836 square feet, including a 234-unit building by Solomon Schwimmer.
Clipper Equity
