Lonicera Partners Secures $70M Construction Loan For Development Site In Downtown Brooklyn | 308 Livingston Street | Keith Kurland, Jonathan Schwartz | Development Site | Loan

Summary

Loan

NEW YORK

Development Site

151,000 sqft

A development site located at 308 Livingston Street in Downtown Brooklyn has secured a $70,000,000 construction loan from Santander Bank US and City National Bank. The loan was facilitated by brokers Jonathan Schwartz and Keith Kurland from JLL NY Capital Markets. The site spans 151,000 square feet and is owned by Lonicera Partners. The planned development is a 23-story boutique mixed-use building.

Summary of transaction details:

Property Type: Development Site
Transaction Amount: $70,000,000
Address: 308 Livingston Street, Downtown Brooklyn
Market: Downtown Brooklyn

The loan, provided by Santander Bank US and City National Bank, will be used for the construction of a 23-story boutique mixed-use building on the development site at 308 Livingston Street in Downtown Brooklyn. The building, owned by Lonicera Partners, will feature residential units and is set to be a prominent addition to the area.

Players

All
3

Agents
2
Agencies
1

Keith Kurland

Senior Managing Director

$226.7M Sold

Jonathan Schwartz

Principal

$230M Sold

Walker & Dunlop

Details

Deal Summary

FINANCED

IMAGE: Jonathan Schwartz and Keith Kurland DATE: 06/03/2019 ADDRESS: 308 Livingston Street MARKET: Downtown Brooklyn ASSET TYPE: Development Site LENDER: SantanderBankUS, and @CityNationalBank LANDLORD: Lonicera Partners BROKERS: @JLL_NY_CapitalMarkets Jonathan Schwartz and Keith Kurland LOAN AMOUNT: $70,000,000 LOAN TYPE: Construction loan SF: 151,000 PLANS: 23-story, boutique mixed-use building. residential building in Downtown Brooklyn.

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Address308 Livingston Street

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