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Financing

Cayuga Capital lands $26M Refi

Debt from Citi covers three buildings

Cayuga’s Jacob Sakcs (Credit: Bisnow)

Cayuga Capital Management has secured $26 million from Citigroup Global Markets to refinance three mixed-use buildings in Bushwick. The portfolio spans 65,499 square feet, and contains 63 apartments. 

Addresses… 324 Melrose Street, 184 Noll Street, and 286 Stanhope Street. Cayuga developed the properties in 2009.

Financing breakdown: The new loan replaces a previous mortgage provided by M&T Bank in 2015.

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