Spitzer Enterprises Refinances 420 Kent Ave. In Williamsburg With $388M Loan From CitiGroup

420 Kent Ave, located in Williamsburg, was recently involved in a $388,000,000 loan transaction. The loan was secured through a 10-year, interest-only CMBS loan provided by CitiGroup. The property, owned by Spitzer Enterprises, is a mixed-use building consisting of 850 units. Designed by architectural firms ODA New York and Eran Chen, the property showcases their creative expertise and vision.

Summary of transaction details

• Property Type: Mixed use
• Transaction Amount: $388,000,000
• Units: 850
• Architect: ODA New York, Eran Chen
• Lender: CitiGroup
• Landlord: Spitzer Enterprises
• Broker: Meridian Capital Group

This complex deal involved various key individuals and companies. Eliot Spitzer, the landlord, represented Spitzer Enterprises in the transaction. Eran Chen, an acclaimed architect, along with the team at ODA New York, designed the property. Meridian Capital Group served as the broker in this refinancing transaction, connecting the parties involved and facilitating the deal.