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
Brooklyn Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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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