Haussmann Development has secured $40.75 million in refinancing from ACRES Capital for The Eve, a newly completed residential building at 827 Sterling Place in Crown Heights, Brooklyn. The loan replaces a $38.5 million construction financing package from Urban Standard Capital, which was paid off at $35.8 million.

Haussmann Development has closed a $40.75-million refinancing loan from ACRES Capital for The Eve, a fully electric, mixed-income residential project at 827 Sterling Pl. in Crown Heights. The new financing replaces a construction loan from Urban Standard Capital, which carried a $38.5-million commitment but was paid off at a lower $35.8 million.

Haussmann Development has secured a $40.75 million loan to refinance a newly completed multifamily development in Crown Heights, Brooklyn, Commercial Observer has learned.

Haussmann Development has officially launched leasing at The Eve, a newly constructed seven-story mixed-income residential building located at 827 Sterling Place in Brooklyn’s Crown Heights neighborhood. The project brings a total of 76 new apartments to the area, including 23 affordable units that were offered through a housing lottery.