HIDROCK REFINANCES STILLWELL TOWNHOUSES

HIDROCK REFINANCES STILLWELL TOWNHOUSES

Hidrock Realty Inc. announced today that it has secured a $1 million refinance on its construction loan for Stillwell Townhouses, located at 1729 Stillwell Ave. in the Bensonhurst section of Brooklyn. Sterling Bank provided the financing, which allows Hidrock the flexibility to retain and rent the property’s five unsold units. Hidrock originally took out a $7 million construction loan to build the 24-unit condominium in 2011.