Citigroup Provides $125M Loan For Mixed-Use Property In Brooklyn

The mixed-use property located at 250 Livingston St in Brooklyn has recently been involved in a closed transaction. The property, owned by David Bistricer of Clipper Equity, has attracted attention from various parties in the real estate market. The deal was facilitated by Iron hound management, with Rob Verrone and Pat Perone acting as brokers.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $125,000,000
• Lender: Citigroup
• Landlord: David Bistricer – Clipper Equity
• Broker: Iron hound management – Rob Verrone & Pat Perone

The involvement of Iron hound management, represented by Rob Verrone and Pat Perone, highlights their expertise in facilitating significant real estate deals. The financing for this transaction was provided by Citigroup, further showcasing their commitment to supporting large-scale property acquisitions.