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Financing

Quinlan lands Refi for 41 Flatbush Ave

PCCP provided the debt

Rendering of 41 Flatbush Avenue, Pioneer Building
(Credit: Quinlan and Building and Land Technology)

Quinlan Development Group + Building and Land Technology have secured an $152 million senior loan from PCCP for 41 Flatbush Avenue. The financing will go towards the recapitalization and lease-up of the newly converted Downtown Brooklyn office property. 

Worth Noting: The 10-story building spans 270,000 SF, and contains a ground floor retail component

Financing details: The new loan replaces $132 million in previous debt provided by KKR for the conversion in 2017, according to TRD.

Flashback: The developers paid $90 million for the former storage facility in 2015.

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