Anthony D. Delfre, Managing Director and Head of BGL’s Real Estate Advisors Group, was interviewed for this article that reviews how Cleveland builder Andrew Brickman, the Carney family, and BGL were able to complete a $30 million construction loan for the new 700 Lake project in Rocky River, Ohio, even as the coronavirus pandemic was inflicting business shutdowns and stay-at-home orders across the United States.
“It’s a milestone for our region and a bright spot given the COVID-19 conditions we’re in,” Delfre said in a phone interview. “It would have been a hard transaction to complete in a normal situation. Given where we are in the macro market, there was some risk the lender might pull back.”
For Anthony’s other remarks on the transaction, read the article in its entirety on Crain’s Cleveland’s website.