Carlyle Group And Z&G Property Group Refinance 74-unit Condo In Brooklyn For $33.6M

A 74-unit rental condo located at 75 Clinton Street in Brooklyn Heights, covering a square footage of 78,023, was involved in a refinancing transaction. The refinancing amounted to $33.6 million and was facilitated by the lender Walker & Dunlop, replacing a previous loan of $38.6 million held by TD Bank.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $33,600,000
• Address: 75 Clinton Street
• Market: Brooklyn
• Lender: Walker & Dunlop
• Landlord: Harvey M. Schwartz - Carlyle Group; Jay Greenberg & David Cohen - Z+G Property Group
• Previous Loan Amount: $38,600,000

Through 75 Clinton Street Owner LLC, Carlyle Group and Z+G Property Group completed this refinancing deal, highlighting the collaborative effort between these entities in securing new financing for the property.