JLL Arranges $128M Floating Rate Loan For Mixed-Use Property At 55 Willoughby St. In Brooklyn

A mixed-use property located at 55 Willoughby Street in Brooklyn has been involved in a closed transaction. The property has a total square footage of 268,059 and is situated in the Brooklyn market.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $128,000,000
• Lender: Santander Bank & City National Bank
• Landlord: Lonicera Partners & Rabina
• Brokers: Jeffrey Julien, Christopher Peck, Nicco Lupo, Rob Hinckley, Geoff Goldstein, Marko Kazanjian & Alex Staikos - JLL
• Loan Type: Floating Rate Loan

The loan amount for the transaction was $128,000,000 and it was a floating rate loan. The deal involved multiple parties, including lenders Santander Bank and City National Bank, as well as landlords Lonicera Partners and Rabina. JLL served as the broker, represented by Jeffrey Julien, Christopher Peck, Nicco Lupo, Rob Hinckley, Geoff Goldstein, Marko Kazanjian, and Alex Staikos. Additionally, JLL arranged the JV equity from Davis.