Fort Amsterdam Capital Provides $42.1 Million Bridge Loan for Brooklyn, N.Y. Condominium

January 15, 2021 — Fort Amsterdam Capital, an affiliate of Sugar Hill Capital, has provided a $42.1 million bridge loan on a 60-unit residential condominium in Brooklyn. The loan facilitates the Sponsor’s business plan to renovate the building and sell out the units. The property is well-located in Brooklyn with in-demand unit sizes and affordable price points. Fort Amsterdam Capital’s parent company, Sugar Hill Capital, has extensive experience with managing and rehabilitating this asset type.