{"id":213514,"date":"2026-04-29T02:09:55","date_gmt":"2026-04-29T02:09:55","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/213514\/"},"modified":"2026-04-29T02:09:55","modified_gmt":"2026-04-29T02:09:55","slug":"maxim-capital-lends-53m-on-windsor-terrace-development-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/213514\/","title":{"rendered":"Maxim Capital Lends $53M on Windsor Terrace Development \u2013 Commercial Observer"},"content":{"rendered":"

A joint venture between Dornin Investment Group<\/a> (DIG) and Torchlight Investors<\/a> has secured fresh capital for a nearly completed Brooklyn multifamily development four months after purchasing the property\u2019s nonperforming note.<\/p>\n

Maxim Capital Group<\/a> provided $53.2 million of senior participation financing for DIG and Torchlight\u2019s purchase of the debt tied to the 131-unit apartment project at 57 Caton Place in Brooklyn\u2019s Windsor Terrace neighborhood, Commercial Observer has learned. DIG in partnership with Torchlight acquired a nonperforming senior loan secured by the development for $78 million in December, CO first reported<\/a> at the time.\u00a0<\/p>\n

SEE ALSO: Rithm Capital Rebrands Paramount Group as Elecor Properties<\/a><\/p>\n

Ripco Real Estate<\/a> negotiated the financing on behalf of Maxim with a team consisting of Adam Hakim, James Murad and Michael Winter.\u00a0<\/p>\n

\u201cThis financing demonstrates continued lender confidence in high-quality multifamily opportunities across Brooklyn,\u201d Winter, managing director at Ripco, said in a statement. \u201cWe were pleased to structure a solution with Maxim Capital Group that provides the capital needed to advance this exceptional development through its final stage and toward stabilization.\u201d<\/p>\n

Located at between Caton Place and Ocean Parkway near the southern tip of Prospect Park, the roughly 101,000-square-foot development is slated for completion this year.\u00a0<\/p>\n

An affiliate of the project\u2019s developer, Abraham Leifer\u2019s Aview Equities<\/a>, landed<\/a> a $66 million construction loan from Parkview Financial in January 2022. Parkview filed a suit in late 2023\u00a0 against PV Caton Ocean, an entity controlled by Leifer, over alleged unpaid debt totalling $66 million supporting the project, Crain\u2019s New York Business previously reported<\/a>.\u00a0<\/p>\n

Maxim Capital Group, DIG, Torchlight and Aview Equities did not immediately return requests for comment.<\/p>\n

Andrew Coen can be reached at acoen@commercialobserver.com<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"A joint venture between Dornin Investment Group (DIG) and Torchlight Investors has secured fresh capital for a nearly…\n","protected":false},"author":2,"featured_media":213515,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[84258,75,84,83,9,24,63],"class_list":["post-213514","post","type-post","status-publish","format-standard","has-post-thumbnail","category-manhattan","tag-tags","tag-manhattan","tag-manhattan-headlines","tag-manhattan-news","tag-new-york","tag-new-york-city","tag-nyc"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/213514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=213514"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/213514\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/213515"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=213514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=213514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=213514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}