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280 Kent Avenue

Jed Walentas Of Two Trees Management Secures $460M Construction Loan From M&T Bank For Williamsburg Development
FINANCEDDevelopment Site

Jed Walentas Of Two Trees Management Secures $460M Construction Loan From M&T Bank For Williamsburg Development

280 Kent Avenue

$460,000,000

Building Size

Asset Type

Development Site

Closing

Mar 5, 2026

AI

280 Kent Avenue is a development site located in Williamsburg, Brooklyn. The property recently secured a construction loan valued at $460,000,000 from M&T Bank, which replaces prior debt of $89,000,000.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $460,000,000
  • Lender: M&T Bank
  • Landlord: Jed Walentas - Two Trees Management
  • Date of Transaction: March 5, 2026

The transaction was facilitated by Two Trees Management, which operated through Domino A Partners LLC to secure the financing for the development project. Jed Walentas represents Two Trees Management in this deal.

Players

M&T Bank
M&T BankLender
Two Trees Management
Two Trees ManagementLandlord

Brooklyn Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.03%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93