DLA Piper Guides Ladder Capital On $84M Brooklyn Loan

Law360, Minneapolis (January 19, 2018, 8:43 PM EST) -- DLA Piper represented Ladder Capital Finance LLC in connection with its $84 million loan to CB Developers LLC for a hotel and retail property on Driggs Avenue in Brooklyn, according to records made public Friday in New York.

The loan is for 626 Driggs Ave., and of that $84 million, $9.8 million is new capital and the remainder is a refinance of pre-existing debt at the property.

CB has a 266-room hotel project there, according to its website. The hotel, Pod Brooklyn, is open, although CB...
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