facebook
Traded Co logo
Submit a Deal
1 Boerum Place
FINANCED

KKR Refinances Luxury Rental Building In Downtown Brooklyn For $140.3M

1 Boerum Place

MultiFamily
250,000 SF
clock iconFinanced 39 days ago
the dealplayerscompscontact
share iconContact now

Summary

Loan
NEW YORK
MultiFamily
250,000 sqft

The multifamily asset located at 1 Boerum Place in Downtown Brooklyn encompasses 250,000 square feet. The property was refinanced with a loan amount of $140,300,000 provided by KKR through its affiliate Forethought Life Insurance Company. The loan was secured by Avery Hall for the luxury rental building One Boerum, replacing existing debt from Canadian asset manager QuadReal.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $140,300,000
  • Address: 1 Boerum Place
  • Market: Downtown Brooklyn
  • Lender: KKR - Adam Simon
  • Landlord: Avery Hall - Brian Ezra & Avi Fisher

Brian Ezra and Avi Fisher were the key individuals involved in the transaction as representatives of Avery Hall, securing the refinance loan from KKR for the luxury rental building in Downtown Brooklyn. Adam Simon from KKR facilitated the loan to Avery Hall, marking a significant financial arrangement in the real estate market.

Details

Deal Summary
minus icon
FINANCED
IMAGE: Brian Ezra & Avi Fisher DATE: 06/04/2024 ADDRESS: 1 Boerum Place MARKET: Downtown Brooklyn ASSET TYPE: Multifamily ~ SF: 250,000 LENDER: KKR - Adam Simon LANDLORD: Avery Hall - Brian Ezra & Avi Fisher LOAN AMOUNT: $140,300,000 LOAN TYPE: Refinance NOTE: KKR provided Avery Hall with a $140.3 million loan through its affiliate Forethought Life Insurance Company to refinance the luxury rental building One Boerum in Downtown Brooklyn, replacing previous debt from Canadian asset manager QuadReal.

View on map

Loading...

Address1 Boerum Place

Comparables

No listingsThis user does not have deals with the selected filters yet.
Reset filters to show results.