11.01.2025
Daryl Hagler Saves Watermark Capital’s Sunset Park Development Project from Foreclosure
Real estate investor Daryl Hagler has successfully secured a $42.5 million loan to support the construction of Watermark Capital’s ambitious 28-story, 497-unit residential project at 6128 Eighth Avenue in Brooklyn’s Sunset Park neighborhood. Situated on a former rail yard, this high-profile development was on the brink of foreclosure before Mr. Hagler intervened with his strategic financing. This move has provided a lifeline to Watermark Capital, helping them avert the impending foreclosure attempt by Rialto Capital Group, a Manhattan-based real estate investment and asset management firm.