Castellan Real Estate Partners Secures $25M for Williamsburg Condos
Deal News | May 05, 2025 | Castellan NYC Partners LLC
Castellan Real Estate Partners has obtained $25 million in construction financing to support the development of a condominium project in Williamsburg, Brooklyn. This financial boost highlights the ongoing interest and investment in the Brooklyn real estate market, particularly in the trendy Williamsburg area, known for its cultural vibrancy and residential appeal. The financing deal also showcases the strategic movement by private equity firms into urban real estate development projects, potentially boosting employment and local economic activities.
Sectors
- Real Estate Development
- Private Equity
Geography
- United States – The financial transaction and real estate development project are taking place in Williamsburg, Brooklyn, which is located in the United States.
Industry
- Real Estate Development – The article discusses a condominium development project, which falls under real estate development.
- Private Equity – The involvement of Castellan Real Estate Partners, a private equity firm, in funding the project classifies this as part of the private equity industry.
Financials
- $25,000,000 – The amount of construction financing secured by Castellan Real Estate Partners for the condominium development project.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Castellan Real Estate Partners | Lender | Company | A private equity firm involved in providing $25 million construction financing for a condominium development. |