Castellan Capital Provides $28M Construction Loan for Kips Bay Condos

Developer Daniel Klaynberg has landed $28 million of construction financing to build a condominium tower in Manhattan’s Kips Bay neighborhood, Commercial Observer has learned. Castellan Capital supplied the two-year loan with a one-year extension option for Klaynberg’s planned 12-story, 43-unit building at 129 East 28th Street, which was initially envisioned for rental apartments before switching […]