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Jed Walentas Of Two Trees Management Secures $460M Construction Loan From M&T Bank For Williamsburg Development
FINANCED
$460,000,000
New York
See Similar DealsDevelopment Site
Financed 03/05/2026
FINANCED
Jed Walentas Of Two Trees Management Secures $460M Construction Loan From M&T Bank For Williamsburg Development
280 Kent Avenue
See Similar DealsDevelopment Site
Financed 03/05/2026
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$460,000,000.00
Monthly NOI$3,066,666.67
Monthly Debt Service$2,907,512.91
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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