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Slate Property Group lands Refi for 325 Lafayette Avenue

Bank of the Ozarks provided the debt

Slate Property Group has secured $60 million from J.P. Morgan Chase to refinance the nearly completed 325 Lafayette Avenue in Clinton Hill. The new loan replaces the project’s original construction loan that was provided by Bank of the Ozarks. 

Property Details: Upon completion, the building will span 78,094 square feet of residential space, and contain 116 apartments. The ground-floor retail space (16,943 square feet) has been pre-leased to Starbucks and Key Food, according to CO.

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