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Cole Schotz Advises G4 Capital Partners on $284M Financing for Luxury Brooklyn Condominium

November 23, 2021Attorneys: Leo V. Leyva, Rab N. Nalavala, Robert A. Riva, Roger M. Iorio, Drew F. Barone and Samantha B. Epstein
Cole Schotz P.C. advised G4 Capital Partners in connection with a $284 million construction loan facility to Fortis Property Group for the Brooklyn, New York condominium project Olympia Dumbo.

The $284 million construction loan facility recapitalizes Fortis Property Group’s ground-up construction of the sail-shaped luxury residential condominium. The waterfront development located at 30 Front Street offers 76 units and consists of approximately 412,362 gross square feet together with approximately 38,000 square feet of top-tier indoor and outdoor amenities.

The Cole Schotz team consisted of members Leo Leyva, Rab Nalavala, Robert Riva, Roger Iorio, associates Drew Barone and Samantha Epstein. The transaction was additionally complex as it involved a senior participation with Madison Realty Capital.

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