Charney gets $135M construction loan for Fort Greene condo tower
The Real Deal reported that Madison Realty Capital, alongside BH3 Management, has provided a strategic $135 million construction financing package for Charney Companies' 45-story condominium development at 95 Rockwell Place in Fort Greene, Brooklyn. The development, acquired in 2023 and scheduled for completion in Q4 2027, will feature 182 residential units across one-, two-, and three-bedroom configurations, with distinctive design elements including sound curation by Public Records throughout the building's public spaces. This financing agreement demonstrates Madison Realty Capital's proficiency in identifying high-potential investment opportunities in Brooklyn's dynamic real estate market, particularly with established developers like Sam Charney, who maintains a substantial development portfolio including approximately 2,000 units planned across Gowanus.
