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Wells Fargo Provides $1.8 Billion Refinance Loan For Blackstone Industrial Property In Brooklyn

Property Image
FINANCED
$1,800,000,000
Jordan (Jordy) Roeschlaub
Nick Scribani
+ 1

New York

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Industrial
Financed 07/08/2025
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Property Image
FINANCED

Wells Fargo Provides $1.8 Billion Refinance Loan For Blackstone Industrial Property In Brooklyn

Industrial
Financed 07/08/2025
Jordan (Jordy) Roeschlaub
Nick Scribani
+ 1
Contact now

Summary

Asset Type:Industrial
Transaction Type:Loan

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:

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

Nick Scribani
191 deals$55.1B volume(212) 372-2113
BROKER

Christopher (Chris) Kramer
Newmark
112 deals$21.8B volume(212) 850-5472
BROKER

Jordan (Jordy) Roeschlaub
Newmark
321 deals$96.2B volume
BROKER

Newmark
BROKERAGE



Jon Gray
Blackstone
20 deals$7.3B volume
LANDLORD

Blackstone
LANDLORD

Details

FINANCED
IMAGE: Ted Pick, Charles Scharf, Jon Gray, Nick Scribani, Jordan Roeschlaub & Christopher Kramer DATE: 7/9/2025 MARKET: Brooklyn ASSET TYPE: Industrial LENDER: Charles Scharf - Wells Fargo (@ WellsFargo) LANDLORD: Jon Gray - Blackstone (@Blackstone) LANDLORD'S REP: Jordan Roeschlaub (@JordyRoeschlaub), Nick Scribani (@ScribSays) & Christopher Kramer - Newmark (@Newmark) LOAN AMOUNT: $1,800,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,800,000,000.00

Monthly NOI$12,000,000.00
Monthly Debt Service$11,377,224.42
Change in Cash Flow$0.00
Refinance Proceeds$0.00