Alloy Development Secures $495 Million Loan From Kayne Anderson & Vistria Group For Downtown Brooklyn Project
New York
See Similar DealsAlloy Development Secures $495 Million Loan From Kayne Anderson & Vistria Group For Downtown Brooklyn Project
Third Avenue
See Similar DealsSummary
The property asset involved in this transaction is a mixed-use development located at One Third Avenue in Downtown Brooklyn. This asset encompasses a total square footage of 509,373 and comprises 583 residential and commercial units.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $495,000,000
- Loan Amount: $495,000,000
- Loan Type: Full stack capitalization – construction financing and joint venture equity
- Lender: Kayne Anderson & Vistria Group
- Landlord: Alloy Development
- Brokers: Christopher Peck, Peter Rotchford, Nicco Lupo & Drew Isaacson - JLL
The key individuals involved in the transaction are Christopher Peck, Peter Rotchford, Nicco Lupo, and Drew Isaacson, all representing JLL in this deal. They play a critical role in facilitating the loan agreement with the lender, Kayne Anderson & Vistria Group, for the landlord, Alloy Development.
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