BridgeCity Capital closed a $37.6 million construction and acquisition loan for Ranco Capital's mixed-use development at 1084 Pacific Street in Prospect Heights, Brooklyn. The project will deliver 71 apartments across multiple units and 48,061 square feet of retail space. The financing covers both land acquisition and construction costs for the multifamily building. Prospect Heights has emerged as a target market for developers seeking to add density in Brooklyn neighborhoods with strong rental demand. The deal reflects ongoing institutional lending appetite for residential development in the borough, despite broader market headwinds. BridgeCity Capital's involvement signals lender confidence in the location's fundamentals. Ranco Capital now moves forward with project execution following financing closure.