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J.P. Morgan Provides $525 Million Construction Loan To Naftali Group And Access Industries

Property Image
FINANCED
$525,000,000
Sean Reimer
Dustin Stolly
+ 5

New York

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Condo390,000 SF
Financed
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Property Image
FINANCED

J.P. Morgan Provides $525 Million Construction Loan To Naftali Group And Access Industries

470 Kent Avenue

See Similar Deals
Condo390,000 SF
Financed
Sean Reimer
Dustin Stolly
+ 5
Contact now

Summary

NEW YORK
Asset Type:Condo
Price Per Square Foot:$1346
Total Square Footage:390000 SF
Transaction Type:Loan

The property asset involved in this transaction is a condo located at 470 Kent Avenue in the Brooklyn market, encompassing 390,000 square feet. The loan amount for this construction is $525,000,000.

Summary of transaction details:

The deal involves key individuals including Aaron Casden and Sam Friedland representing J.P. Morgan and Goldentree respectively. Naftali Group and Access Industries are the landlords associated with this transaction, while the brokering team from Walker & Dunlop facilitated the deal, including notable figures such as Aaron Appel and Keith Kurland.

Players

Aaron Appel
175 deals$27.9B volume
BROKER

Ari Hirt
Walker & Dunlop
33 deals$3B volume(301) 215-5500
BROKER

Dustin Stolly
Walker & Dunlop
253 deals$47.4B volume
BROKER

Jonathan Schwartz
Walker & Dunlop
151 deals$23.4B volume
BROKER

Keith Kurland
Walker & Dunlop
157 deals$25.3B volume
BROKER

Adam Schwartz
Walker & Dunlop
148 deals$21.9B volume(646) 491-8869
BROKER

Stanley Cayre
Walker & Dunlop
10 deals$1.8B volume(917) 613-8038
BROKER

Sean Reimer
Walker & Dunlop
37 deals$6.3B volume(646) 221-6437
BROKER

GoldenTree Asset Management
LENDER

Details

FINANCED
IMAGE: Aaron Appel, Keith Kurland, Dustin Stolly, Jonathan Schwartz, Miki Naftali, David Hochfelder, Adam Schwartz, Sean Reimer, Ari Hirt, Stanley Cayre, Aaron Casden & Sam Friedland DATE: 12/16/2025 ADDRESS: 470 Kent Avenue MARKET: Brooklyn ASSET TYPE: Condo ~ SF: 390,000 LENDER: J.P. Morgan - Aaron Casden & Goldentree - Sam Friedland LANDLORD: Naftali Group (@Naftali_Group) & Access Industries BROKERS: Aaron Appel, Keith Kurland (@KaKurland), Dustin Stolly, Jonathan Schwartz (@JSchwa1386), Adam Schwartz (@AdamSchwartz88), Sean Reimer, Ari Hirt & Stanley Cayre (@Stanley_Cayre) - Walker & Dunlop (@WalkerDunlop) LOAN AMOUNT: $525,000,000 LOAN TYPE: Construction

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$525,000,000.00

Monthly NOI$3,500,000.00
Monthly Debt Service$3,318,357.12
Change in Cash Flow$0.00
Refinance Proceeds$0.00