Alloy Development Secures $495 Million Loan From Kayne Anderson & Vistria Group For Downtown Brooklyn Project

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.