{"id":1004334989,"date":"2019-06-30T23:22:23","date_gmt":"2019-07-01T07:22:23","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004334989"},"modified":"2021-09-10T09:41:31","modified_gmt":"2021-09-10T17:41:31","slug":"redeveloped-brooklyn-asset-gets-15m-refi","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/redeveloped-brooklyn-asset-gets-15m-refi\/","title":{"rendered":"Redeveloped Brooklyn Asset Gets $15M Refi"},"content":{"rendered":"<div id=\"attachment_1004335001\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/1561677443_box.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004335001\" data-attachment-id=\"1004335001\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/redeveloped-brooklyn-asset-gets-15m-refi\/1561677443_box\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/1561677443_box.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"The Box Factory. Image courtesy of Hornig Capital Partners\" data-image-description=\"&lt;p&gt;The Box Factory. Image courtesy of Hornig Capital Partners &lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The Box Factory. Image courtesy of Hornig Capital Partners &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/1561677443_box.jpg?w=800\" class=\"size-medium wp-image-1004335001\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/1561677443_box.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/1561677443_box.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/1561677443_box.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/1561677443_box.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004335001\" class=\"wp-caption-text\">The Box Factory. <em>Image courtesy of Hornig Capital Partners<\/em><\/p><\/div>\n<p>Hornig Capital Partners and Brickman Real Estate have received a $15.2 million refinancing for The Box Factory, a recently redeveloped creative office and flex asset in Brooklyn. Mission Capital provided the loan, which will be used for the project\u2019s ongoing transformation into creative office and entertainment space.<\/p>\n<p>Located at 1519 Decatur St. in the Bushwick neighborhood, The Box Factory is close to eateries, cafes and supermarkets, with the L train just two blocks away. The property also comes with a perk\u2060\u2014tenants relocating from Manhattan qualify for city-provided tax credits.<\/p>\n<p>The 65,000-square-foot building previously served as a warehouse, occupied by Brick &amp; Ballerstein. Following a 2017 adaptive reuse, the three-story property currently features a restored brick fa\u00e7ade, white box space on each floor, an outdoor courtyard and a bike storage room, in addition to new windows, restrooms, elevator, electrical and fire systems as well as two new building entries.<\/p>\n<p>The Mission Capital Debt and Equity Finance Group team of Jonathan More, Ari Hirt and Lexington Henn represented the borrower in the deal. Earlier this year, another team from the same company <a href=\"https:\/\/www.commercialsearch.com\/news\/first-ever-marriott-sheraton-hotel-takes-shape-in-tx\/\">arranged acquisition and renovation financing<\/a> for a hotel in Texas.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mission Capital originated the loan, which will contribute to the further enhancement of The Box Factory, a creative office and flex asset in the Bushwick neighborhood. <\/p>\n","protected":false},"author":741,"featured_media":1004335001,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,1600,21742,10,21747],"tags":[33971,46130,46127,34876],"class_list":["post-1004334989","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-new-york","category-latest","category-northeast","category-office","tag-adaptive-reuse-projects","tag-brickman-real-estate","tag-hornig-capital-partners","tag-mission-capital-advisors"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Redeveloped Brooklyn Asset Gets $15M Refi - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/redeveloped-brooklyn-asset-gets-15m-refi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Redeveloped Brooklyn Asset Gets $15M Refi\" \/>\n<meta property=\"og:description\" content=\"Mission Capital originated the loan, which will contribute to the further enhancement of The Box Factory, a creative office and flex asset in the Bushwick neighborhood.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/redeveloped-brooklyn-asset-gets-15m-refi\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-01T07:22:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-10T17:41:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/1561677443_box.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Corina Stef\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/redeveloped-brooklyn-asset-gets-15m-refi\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/redeveloped-brooklyn-asset-gets-15m-refi\/\",\"name\":\"Redeveloped Brooklyn Asset Gets $15M Refi - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/redeveloped-brooklyn-asset-gets-15m-refi\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/redeveloped-brooklyn-asset-gets-15m-refi\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/1561677443_box.jpg\",\"datePublished\":\"2019-07-01T07:22:23+00:00\",\"dateModified\":\"2021-09-10T17:41:31+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/73262f140f4b0a11baea2dd6f27beadf\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/redeveloped-brooklyn-asset-gets-15m-refi\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/redeveloped-brooklyn-asset-gets-15m-refi\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/redeveloped-brooklyn-asset-gets-15m-refi\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/1561677443_box.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/1561677443_box.jpg\",\"width\":800,\"height\":620,\"caption\":\"The Box Factory. 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