Oak Funding’s $16.5m loan is secured against a newly completed retail building at 12 Berry Street in Williamsburg, Brooklyn; The ground floor of the building — totalling approximately 21,400 sq. ft — and the approximately 18,500 sq. ft roof-level retail space are both let to Padel Haus, a fast-growing US padel The Oak Funding loan […]
There’s a persistent assumption in US CRE lending that adding affordable housing makes a development harder to finance. Adam Ehrenreich, Associate Director in OakNorth’s Debt Finance team, on why the fundamentals matter more than the label.
