Kasowitz Represents Joint Venture in $152 Million Loan on Pioneer Building in Brooklyn

Kasowitz Represents Joint Venture in $152 Million Loan on Pioneer Building in Brooklyn

Kasowitz Benson Torres represented a joint venture comprised of Quinlan Development Group and Building and Land Technology in the closing of a loan with Pacific Coast Capital Partners, including a $122 million refinancing of the existing mortgage on 41 Flatbush Avenue, Brooklyn, New York (the “Pioneer Building”) and a $30 million project and construction loan facility to finance the construction of tenant improvements.  The joint venture purchased the Pioneer Building, consisting of three historic buildings, almost four years ago and has since converted it into a first-class office building and retail space. 

The Kasowitz team representing the joint venture between Quinlan Development Group and Building and Land Technology is led by partner Manuel A. Fernandez and includes associates Darwin Huang, Shara K. Scottland and Jason Robinson.