MoFo, Rosenberg Estis Steer $75M Brooklyn Property Loan

By Andrew McIntyre (March 26, 2019, 8:53 PM EDT) -- Morrison & Foerster LLP represented TD Bank NA in connection with its $75 million loan to the Rosenberg & Estis PC-counseled joint venture behind a Brooklyn residential and retail tower, according to records made public Tuesday in New York.

The loan is for The Lane at Boerum Place, at 415 Red Hook Lane, a joint venture of Quinlan Development Group LLC and Lonicera Partners. Of the $75 million loaned, $22.05 million covers new capital and the rest is assumption and refinance of existing debt.

Manufacturers and Traders Trust Co., also known as M&T Bank, had previously provided financing for the property....

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