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A person familiar with that site said RedSky and JZ Capital would likely sell that property, which according to property records it purchased in 2009 for $83.5 million, at a loss. RECOMMENDED FOR YOU. The distressed senior and mezzanine loans on RedSky Capital’s retail portfolio along North 6th Street and Bedford Avenue in Brooklyn’s East Williamsburg neighborhood have been resolved. The loan package included a $132 million senior loan provided by J.P. Morgan and a $90 million mezzanine loan from BlackRock. Crain's New York Business RedSky Capital is offering for sale two apartment buildings with 45 units in the Park Slope neighborhood of Brooklyn, N.Y. TerraCRG has been tapped to market the buildings, at 719-723 and 704 Eighth Ave., which could sell for a combined $41 million. RedSky in 2011 paid $4.3 million for 704 Eighth Ave. and the following year, it bought 719-723 Eighth Ave. for $12.3.