A joint venture of Jonathan Rose Companies (JRCo) and BedRock Real Estate Partners LLC (BR) has closed on $144 million of debt and equity financing for The Pierrepont, a new 86-unit 80/20 mixed-income rental residential building which is currently under construction.

The two 19-story towers face Pierrepont and Montague Streets in the Brooklyn Heights section of Brooklyn, New York.
Santander Bank is providing the construction financing. JD Capital, a public asset investment and advisory firm based in China, is providing additional equity.