Wells Fargo Provides $1.8 Billion Refinance Loan For Blackstone Industrial Property In Brooklyn
$1,800,000,000
Building Size
—
Asset Type
Industrial
Closing
Jul 8, 2025
AI
The transaction involves an industrial asset located in Brooklyn, with a refinancing loan amount of $1,800,000,000. The lender for this transaction is Wells Fargo, represented by Charles Scharf. The landlord of the property is Blackstone, with Jon Gray identified as the landlord.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,800,000,000
- Lender: Charles Scharf - Wells Fargo
- Landlord: Jon Gray - Blackstone
- Landlord's Representatives: Jordan Roeschlaub, Nick Scribani & Christopher Kramer - Newmark
This deal showcases the involvement of significant players in the financial and property management sectors, highlighting the roles of both the lender and the landlord representatives. The representation by Newmark indicates a structured collaboration aimed at facilitating the refinancing process.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.01%
Cash-on-Cash
-0.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93