Brookfield Asset Management Provides $370 Million Bridge Loan For Society Brooklyn Mixed-Use Development

The property asset involved in this transaction is a mixed-use development located at 500 Degraw Street & 504 Sackett Street in Gowanus, Brooklyn. The asset comprises 455,666 square feet and consists of 517 units. The total loan amount secured for this property is $370,000,000, categorized under a bridge loan type.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $370,000,000
• Address: 500 Degraw Street & 504 Sackett Street
• Market: Gowanus, Brooklyn
• Square Footage: 455,666
• Units: 517
• Lender: Brookfield Asset Management
• Landlord: Property Markets Group & The Carlyle Group
• Brokers: Christopher Peck, Peter Rotchford & Nicco Lupo - JLL

Key individuals involved in the transaction include Christopher Peck, Nicco Lupo, Peter Rotchford, Ryan Shear, Kevin Maloney, and Dan Kaplan. They represent various roles in facilitating the deal, with the brokers specifically representing the landlords in this transaction.