News & Media

Brooklyn, NY Lorimer Capital closed a $51 million construction loan secured by 29 Wythe Ave., a to-be constructed 126,500 s/f, four-story mixed-use development which will include retail, entertainment, hospitality and covered parking in Williamsburg. The project is being developed by Double U Development, led by principals Jay and Michael Weitzman. Richard Sutton of Parallel CRE arranged the financing.

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Lorimer Capital closed on a $51-million construction loan secured by 29 Wythe Ave., a 126,500-square-foot, four-story mixed-use development in Williamsburg, Brooklyn. The project is being developed by Double U Development, led by principals Jay and Michael Weitzman. Richard Sutton of Parallel CRE arranged the financing.

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The developer sealed $51 million of construction financing to build a retail development in Williamsburgh, Brooklyn, that will include a trampoline park, Commercial Observer has learned.

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Lorimer Capital has hired Connor Lopes to the role of managing director of asset management. Lopes will oversee the company’s portfolio performance, risk management and loan servicing.

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Seasoned asset manager joins team of industry veterans to strengthen portfolio oversight and growth.

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This new commercial real estate lending platform specializes in first mortgage and mezzanine bridge and construction loans across the eastern United States.

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Launch of Lorimer Capital, a new commercial real estate lending platform specializing in first mortgage and mezzanine bridge and construction loans across the eastern U.S.

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The debt vehicle has $250 million already on the market and hopes to double its assets over the next year.

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New Firm Enters Real Estate Financing Market with ~$250 Million Loan Portfolio and Extensive Pipeline.

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