Domino Sugar Project's $125M Refinancing Wins OK

Law360, New York (May 2, 2012, 5:59 PM EDT) -- A New York state judge refused Tuesday to block a $125 million refinancing of the 11-acre, 2,200-unit Domino Sugar Refinery residential housing project on the Brooklyn waterfront, ruling that the project's managing member has the right to refinance the deal.

New York Supreme Court Judge Eileen Bransten ruled that Brooklyn-based developer Isaac Katan's Katan Group LLC can't block the proposed mortgage finance restructuring that CPC Resources Inc., its partner in the project and the for-profit arm of the nonprofit developer Community Preservation Corp., is pursuing with...
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