The developers of Brookview Commons in Danbury confirmed receipt of a $24.5 million construction loan from M&T Bank, with the next phase of the complex to total nearly 150 apartments. Danbury-based BRT and Rochester, N.Y.-based DiMarco teamed on an initial phase of the complex next door at 30 Crosby St. that has 115 units, with monthly rents currently listed between $1,240 and $1,825. New York City-based HKS Real Estate Advisors brokered the newest M&T transaction, calling the project in a statement “more than sustainable” despite the economic downturn created by the coronavirus pandemic.
https://www.stamfordadvocate.com/business/article/Developers-get-24-5M-for-apartments-at-former-15221905.php