A property belonging to The Jefferson MacDonough Profile in Brooklyn, New York

National Equity Fund, Iris Holdings Group Provide $12.5 Million to Refinance Workforce Housing Portfolio in Brooklyn, New York

by Channing Hamilton

BROOKLYN, N.Y. — National Equity Fund, in partnership with Iris Holdings Group, has provided a $12.5 million loan to refinance a portfolio in Brooklyn through the firm’s Workforce Housing Innovation Fund. Iris Holdings Group is managing the development of the portfolio, which is called The Jefferson MacDonough Portfolio. The Jefferson MacDonough Portfolio comprises 56 units across five buildings in the Bedford Stuyvesant neighborhood of Brooklyn. The properties feature a mix of studio, one-, two- and three-bedroom units. 

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