Glacier Equities Secures $39 Million Pre Development Loan From KRE Capital In Brooklyn

The asset involved in this transaction is a mixed-use property located at 99 Commercial Street in Brooklyn. The loan amount for this pre-development financing is $39,000,000, which will be utilized for further development purposes.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $39,000,000
• Lender: Jody Kriss - KRE Capital
• Landlord: Glacier Equities - Rachel Brill
• Landlord's Representative: Max Ralby & Holden Witkoff - Newmark
• Date of Transaction: 06/29/2026

Key individuals involved in the deal include Jody Kriss, who serves as the lender through KRE Capital, and Rachel Brill, representing Glacier Equities as the landlord. The landlord's interests are represented by brokers Max Ralby and Holden Witkoff from Newmark, facilitating this substantial loan agreement.