Brooklyn apartment development secures $35.7 million construction loan

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CIT Group has provided $35.7 million in financing for the construction of a new 17-story multifamily development in the Clinton Hill section of Brooklyn.

The building, which will house 138 mixed-income rental units, is located at 230 Classon Ave., on the corner of Willoughby Avenue in Clinton Hill.

The one- and two-bedroom units will all have balconies and 30% of the units will be offered as affordable income rentals.

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