$63.7M Oaktree Capital Management Provides Condo Inventory Loan For Crown Heights Resi Condo (111 Montgomery St)

111 Montgomery Street, located in Crown Heights, Brooklyn, has been involved in a recent closed property transaction. This residential condominium property, with a total buildable square footage of 121,500, attracted significant attention in the market.

Summary of transaction details

• Property Type: Residential Condo
• Transaction Amount: $63,700,000
• Lender: Oaktree Capital Management - Howard Marks
• Landlord: LIVWRK - Asher Abehsera & CIM Group - Shaul Kuba & Avi Shemesh
• Brokers: Aaron Niedermayer & Jillian Mariutti - JLL Capital Markets
• Loan Type: Condo Inventory Loan

The key individuals and companies involved in this transaction include Howard Marks from Oaktree Capital Management who served as the lender. The property's landlords were Asher Abehsera from LIVWRK and Shaul Kuba and Avi Shemesh from CIM Group. Representing the deal, Aaron Niedermayer and Jillian Mariutti from JLL Capital Markets acted as the brokers. Together, they navigated the complexities of the deal, resulting in a successful transaction.