Miki Naftali & David Hochfelder Landlords Secured $525M Construction Loan At 470 Kent Avenue

The property asset involved in this transaction is a development site located at 470 Kent Avenue in Brooklyn, valued at 600,000 square feet. The total loan amount provided for this construction is $525,000,000.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $525,000,000
• Lender: Aaron Casden - JP Morgan & Sam Friedland - GoldenTree
• Landlord: Miki Naftali & David Hochfelder - Naftali Group; Jonah Sonnenborn & Len Blavatnik - Access Industries
• Brokers: Keith Kurland & Aaron Appel - Walker & Dunlop
• Loan Type: Construction

The key individuals involved in this transaction include Aaron Casden of JP Morgan and Sam Friedland of GoldenTree as lenders. Miki Naftali and David Hochfelder from Naftali Group, along with Jonah Sonnenborn and Len Blavatnik from Access Industries, represent the landlord interests. The brokerage services were provided by Keith Kurland and Aaron Appel from Walker & Dunlop.